Janus Capital's Gross says Trump's positive economic tweets need to be backed up by 3% GDP growth
Ex Pimco boss Bill Gross out with latest thoughts 10 Jan
- if yield on 10-year treasury note breaks above 2.6% then a "secular bear bond market" has begun
Says the Grosster:
"Watch the 2.6% level. Much more important that Dow 20,000 or $60 per barrel for oil. Much more important than EURUSD at 1.0000.
It is the key to interest rate levels and perhaps stock price levels in 2017"
So there you have it. A level to keep an eye on if you so wish.
Bill Gross -Trumps tweets need to be backed up by fact