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Bond King Bill Gross is dumping U.S. bonds
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Monday, April 12, 2010
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By Daily Crux Editor Justin Brill:

The latest on the “rates are going higher” story…

Bond King Bill Gross now has the lowest ever portion of his flagship PIMCO fund in U.S. Treasuries. Gross says the U.S. government’s huge new debt issuances will overwhelm demand… which will drive rates higher.

Higher rates are already making themselves felt in the credit card industry. This article notes that credit card rates just hit their highest level in nine years.

Read full article...

More on Bill Gross:

Pimco's Bill Gross is piling into these bonds

PIMCO's Bill Gross no longer worried about inflation

Top blogger Zero Hedge: Bill Gross is a supreme hypocrite

Topics: Bill_Gross | Bonds | Cruxallaneous
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