Tuesday, May 3, 2011

Gross Says Fed Target at Virtually Zero Cheats Bondholders - BusinessWeek

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Gross Says Fed Target at Virtually Zero Cheats Bondholders
BusinessWeek
“The argument over whether the end of QE2 on June 30 will result in higher yields and lower Treasury bond prices is, in a sense, a secondary one,” Gross wrote. “Even if 10-year Treasuries stay where they are at 3.30 percent, and fed funds close to zero ...

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