Bill Gross: Dec of the Fed hiking a «slam dunk», bonds, threatening the major trendline

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.

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