PIMCO's "Bond King" Bill Gross has posted his latest monthly February 2006 Investment Outlook (IO) letter, entitled "Curveball." I haven't read it carefully yet, but it seems to suggest that the Treasury yield "curve" (hence the title) is going to behave in a rather atypical manner in the coming years. From my quick scan, I was unable to discern his outlook for the target fed funds interest rate, the rest of the yield curve, or the economic outlook for the coming months.
----
Please read our Stock Market Outlook for 2006 and our Daily Stock Market Commentary.
No comments:
Post a Comment