Billionaire 'bond king' Bill Gross says soaring Treasury issuance means bond yields can't come down anytime soon
Bill Gross says bond yields will be higher rather than lower in the near term as Treasury issuance surges. Gross also said the "total return" bond strategy he helped develop in the 1980s is dead. The high level of US debt issuance signals to investors that they should expect yields to move higher, not lower, according to "bond king" Bill Gross.