TIMESTAMP: Bill Gross Calls The Moment The Great Bond Bull Market Ended

Business Insider

PIMCO bond investing legend Bill Gross has called the end of the 30-year secular bull market in bonds in a tweet this morning.

Gross: The secular 30-yr bull market in bonds likely ended 4/29/2013. PIMCO can help you navigate a likely lower return 2 - 3% future.

— PIMCO (@PIMCO) May 10, 2013

The chart below is a look at the 10-year U.S. Treasury yield over the past five years. The small back-up in interest rates since April 29 is highlighted on the far right.

View gallery

.
The Bill Gross Top

Business Insider/Matthew Boesler, data from Bloomberg


The next chart is a zoomed-out look at the 30-year secular bond bull market. The little blip hasn't even shown up on that chart yet.

View gallery

.
30-year secular bond bull market

Business Insider/Matthew Boesler, data from Bloomberg


In April, PIMCO boosted its holdings of Treasuries to the highest levels in over a year, and Gross said in his May investment letter that Treasuries "are  better than the alternative (cash) as long as central banks and dollar reserve countries (China, Japan) continue to participate."



More From Business Insider

Rates

View Comments (0)