Link to the video above here.
Bill Gross, half-honcho at PIMCO, the worlds largest bond fund, says:
“I think at some point we’re going to see a 4.5 percent mortgage rate and the 10-year Treasury rate capped at some level,” he said. “When the Fed comes in to buy Treasurys that will be a big day.”
Goes without saying that such a move would benefit PIMCO tremendously, so some of this is Gross talking-up policies that will be to his benefit, but he’s been right before, and seems to have the ear of the Fed, so who knows.