Bill Gross Tweets: "Without Central Bank Check Writing, We Only Have Ourselves To Sell To" Sends Yields Soaring
The bond king appears to have shifted his rhetoric to mimc that of a slightly different king. Namely the one best known for saying: "Apres moi, le deluge."
Gross: Pogo said, We have met the enemy & he is us. I say, All asset mkts peaking; W/o central bank ck writing we only have ourselves 2sell2
— PIMCO (@PIMCO) August 16, 2013
Yields soarking to fresh two year highs, and about to cross 2.85% just on this tweet.
Did Bill just crash the bond market?
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