Bill Gross on the Fed and technical
Janus Henderson, bond guru Bill Gross spoke on Bloomberg after the September non-farm payrolls report.
He said that a rate hike in December is a «slam dunk». Note that it is made up of these kinds of statements before (recently) and got it wrong. However, it does not have the chance to be a billionaire by being wrong too often.
Separately, it has been highlighting 2.40% in 10-year yields to a critical level. 10s moved up 4 basis points to a high of 2.39% on the headlines, but has not broken.
He has spoken as a key trend since the 1980s. I’m not sure how it pulls, but it is something like this.