Bond yields seen rising on reflationary policies-PIMCO
NEW YORK Dec 4 (Reuters) - Easy monetary policies in developed countries in a bid to foster economic growth will likely raise the yields on their longer-dated debt over the next several years, Bill Gross, founder and co-chief investment officer of bond giant PIMCO said in his December investment outlook.
Future annualized bond returns will likely be in the range of 3 to 4 percent "at best," while equities would earn returns "only a few percentage points higher," he wrote in the newsletter released on Tuesday.
- U.S., Arab partners launch first strikes on IS in Syria |
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- Ebola could strike 20,000 in six weeks, 'rumble on for years': study
- More Americans than ever have never married: survey