Singapore
TREASURY prices are falling enough to spook even 44-year veteran Bill Gross. The rout has sent US government securities maturing in 10 years and longer down 7.4 per cent since the end of March, heading for the biggest quarterly loss since 2010, based on Bloomberg World Bond Indexes. The decline is part of a global selloff, led by German bunds and fuelled by what traders say is a lack of liquidity.
"I recognise the tremendous liquidity problems and the ups and the downs on a daily basis - or even on a minute basis - and it scares the hell out of me," Mr Gross said in an interview on Thursday with Bloomberg. "But I don't think we're in for a bear bond market just yet."
Mr Gross, who runs...
Keyword added to your list