The head of the $1.4 billion Janus Global Unconstrained Bond Fund and mastermind behind PIMCO, dubbed “the bond king” at one point, has a comment on the state of bonds in a negative interest rate environment. On Twitter Bill Gross warned that mind-bending and market melting central bank policies were going to “explode,” a concern being increasingly voiced in public by major Wall Street players.
Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode one day
— Janus Capital (@JanusCapital)