From Newsmax:

Superstar bond fund manager Bill Gross says the raft of debt being issued by the U.S. Treasury is pushing bond yields higher.

The 10-year Treasury note rose to a six-month high of 3.75 percent Wednesday amid concern about the $2 trillion of debt that the Treasury will sell to the bond market this year.

"The Treasury is issuing a lot of money," Gross, co-chief investment officer of PIMCO, told Bloomberg. "The market is beginning to wonder who is going to be buying these bonds."

"There's becoming an embedded inflationary premium in the bond market that wasn't there six months ago," he says.

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