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Jeff Kilburg, Treasury Curve, discusses whether PIMCO's Bill Gross boosting of his Treasury holdings is smart.
It's not often you hear the head of the world's largest bond fund compliment the Fed for doing a good job — particularly when interest rates are near zero. But Pimco's Bill Gross had high marks for Fed Chief Ben Bernanke.
Bond prices can't go much higher in the current scenario, says Bill Gross, PIMCO co-CIO & founder. "I'd give Bernanke a 9 out of 10 for the job he's done," he adds. Andrew Julian, OpVest Wealth Management CFO, and CNBC's Rick Santelli provide instant reaction.
The Federal Reserve's zero-interest-rate policy is hampering economic recovery by discouraging bank lending, Pimco bond titan Bill Gross said in an analysis.
The European Central Bank won't solve the euro zone's debt crisis as long as the European Union behaves like a "dysfunctional" family, Bill Gross, Pimco founder and co-chief investment officer, told CNBC on Tuesday.
By putting "hundreds of billions" in currency in circulation, the central banks "can produce reflation—that's why we’re seeing the pop in oil, gold" and other commodities, Pimco's founder told CNBC.
Bill Gross, PIMCO founder & co-CIO, discusses PIMCO's new ETF, which is set for a March 1 launch. "Don't expect transparency of the new ETF to hurt performance," he says.
The new "new normal" is a "paranormal" market — and this paranormal market could wind up haunting pension funds.
So what exactly is Bill Gross arguing in the pages of the Financial Times today?
The Federal Reserve will keep interest rates low for "three, four, or five years," which is why Pimco is jumping into mortgage-backed securities in a big way, Bill Gross told CNBC Europe Friday.
A preview of the FOMC meeting, with CNBC's Steve Liesman; Bill Gross, Pimco founder/co-CIO; and Josh Brown, Fusion Analytics.
Look for a huge corporate spin-off, a major apparel merger, rock bottom bond yields, hedge fund failures and an election defeat for President Obama.
Most investors for the next several years will be lucky to get a 5 percent return in their portfolios thanks to the growth-constricting debt problems in the U.S. and Europe, Pimco's Bill Gross said.
The world is changing and the old model of debt-driven growth is now just "a flawed business model," according to PIMCO's Bill Gross.
If you were looking for any investment with double-digit returns, you're out of luck, Pimco co-CIO told CNBC Tuesday. "There are no double-digit returns in any asset class" including stocks, bonds and real estate, Gross said, and won't be for the next few years.
Bill Gross, PIMCO founder & co-CIO, sheds insight on what he believes the Fed will do.
Last night I had the pleasure of speaking with Pimco's Bill Gross, one of America’s most famed investors, on CNBC’s Kudlow Report.
Betting against US debt was a mistake, says Bill Gross, PIMCO founder & co-CIO. David Goldman, former BofA fixed income research head, and Scott Nations, NationsShares, weigh in.
"Obviously in hindsight it¿s a bit of a mistake. Treasuries makes up roughly a quarter of the US bond market so saying we¿re going to completely abandon them in a fund as large as the one Bill Gross runs is a huge bet and it¿s a huge bullish bet on the credit markets, it¿s a huge bearish bet on government bonds. Now clearly that hasn¿t come true but economic conditions have deteriorated far quicker than either we or Pimco could have anticipated. And the Federal Reserve has made this additional commitment in the last couple of weeks. It has really supported the government bond market and that¿s to detriment of many other asset classes in the fixed income universe"¿ Guy Lebas, chief fixed income strategist at Janney Montgomery Scott
After a 512-point drop, a look at just what happened today, as all three of the averages entered correction territory, with Bill Gross, IMCO founder and CIO; Nouriel Roubini, NYU Stern School of Business; and CNBC's Scott Wapner, Bob Pisani, Mandy Drury, Simon Hobbs and Brian Sullivan. Also, a look at the Asian market opens.