The head of the world’s largest bond fund said…
“Bond yield curves will be “very steep” for “a very long time,” in a Twitter post yesterday.
The Fed will give “strong hints” or provide “positive action” at this week’s Federal Open Market Committee meeting, Gross said in a Sept. 7 radio interview on “Bloomberg Surveillance” . The central bank will likely ease further through “open-ended” purchases of Treasuries and mortgages and extend its pledge to keep interest rates low into 2015, he said.
