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Bond market a ‘little oversold’ after ETF pullout, Bill Gross says

Individuals owning hundreds of billions of dollars worth of bond ETFs have been “spooked� by recent losses, and they are “joining the crowd in terms of selling,� Gross said in an interview on Bloomberg Television. “We are seeing a little bit of oversold market� as 10-year Treasury yields approach 5%, he said.

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​ Individuals owning hundreds of billions of dollars worth of bond ETFs have been “spookedâ€� by recent losses, and they are “joining the crowd in terms of selling,â€� Gross said in an interview on Bloomberg Television. “We are seeing a little bit of oversold marketâ€� as 10-year Treasury yields approach 5%, he said. Individuals owning hundreds of billions of dollars worth of bond ETFs have been “spookedâ€� by recent losses, and they are “joining the crowd in terms of selling,â€� Gross said in an interview on Bloomberg Television. “We are seeing a little bit of oversold marketâ€� as 10-year Treasury yields approach 5%, he said.  Moneycontrol Latest News Read More  

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