"Bill Gross, who is known on Wall Street as "the Bond King," said on May 10 he believed "the 30-yr secular bull market in bonds" had likely ended at the end of April. Other leading Wall Street figures told the New York Fed they were concerned about the exposure of mom-and-pop investors in the event of a bonds slump.And yet, when the market saw its swiftest rise in rates in a decade, many of those managers got caught napping, suffering big losses that hurt many institutions and individuals banking on steady returns from the bond market" buff.ly/15JcVY3
Posted on: Thu, 18 Jul 2013 05:28:52 +0000
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