“There is little money to be made almost anywhere in the world – Covid 19 vaccine or no,” Gross wrote in his latest investment outlook, echoing themes about the effect of real interest rates on markets he discussed in his July outlook. Such a move would also require continued quantitative easing of “unacceptable proportions,” which would push interest rates even lower than where they stand now. The yield on five-year Treasury Inflation-Protected Securities (TIPS) could fall to negative 180 basis points to negative 230 basis points, Gross wrote. Read More...
“There is little money to be made almost anywhere in the world – Covid 19 vaccine or no,” Gross wrote in his latest investment outlook, echoing themes about the effect of real interest rates on markets he discussed in his July outlook. Such a move would also require continued quantitative easing of “unacceptable proportions,” which would push interest rates even lower than where they stand now. The yield on five-year Treasury Inflation-Protected Securities (TIPS) could fall to negative 180 basis points to negative 230 basis points, Gross wrote.
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