Real Estate to Stay Unaffordable for Everyone
[NEW YORK (CNN/Money) - Bill Gross, manager of the world's biggest bond fund, sees long-term bond yields staying at or near their current low levels for at least several years.
In a commentary published on his Web site Wednesday, Gross, manager of the PIMCO bond fund, said that current global economic forces should keep yields in check.
"If we had to forecast (and we do), we believe a range of 3 to 4½ percent for 10-year nominal Treasuries will prevail during most of our secular timeframe," said Gross. That time frame is three to five years.]
In a commentary published on his Web site Wednesday, Gross, manager of the PIMCO bond fund, said that current global economic forces should keep yields in check.
"If we had to forecast (and we do), we believe a range of 3 to 4½ percent for 10-year nominal Treasuries will prevail during most of our secular timeframe," said Gross. That time frame is three to five years.]
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