If he continues to believe that a flat curve is indicative of economic weakness, the hand-off may be one in which we stop at 4.5 percent.
More Quotes from Bill Gross:
Beyond that, some Treasury market participants worry that with recovery, inflation will pick up. In a note this week replete with (groan) Star Wars ... current long bond yields do not reflect this risk.Bill Gross
That is not to say that long government bonds won't go up in price if the 'system' suffers some elimination, slower growth, or to be frank, a recession in 2006,
Bill Gross
if those people are holders of government bonds based upon a benign outlook for inflation, they had better cash some of them in, especially at today's 4.0 yield for 10-year Treasuries.
Bill Gross
This is a market of disparate opinions and therefore increasing opportunities for those who get it right. We hope to be one.
Bill Gross
What it suggests this time is a 2 percent economy in 2006, as opposed to a recession.
Bill Gross
By the time 10-year and 2-year Treasuries reach parity, as is almost the case now, the economy is typically slowing and the Fed is at or near the end of its tightening cycle, ... We are due for what appears to be a 2 percent or less Gross Domestic Product growth rate in 2006, a rate sure to stop the Fed and to induce eventual ease at some point later in the year.
Bill Gross
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Based on Topics: Economics QuotesBased on Keywords: hand-off
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