Before the bond investors get too excited, we must say: Bill Gross is known for being too early (or just simply wrong?) in his calls… either way, he manages the biggest bond fund in the world, so in theory, he has the buying power to move markets.
It’s worth listening to him once in a while… via Business Insider:
“We’re investing in short-term Brazilian bonds under the recognition that if the global economy slows down then Brazil itself will have to lower interest rates, and that produces a price increase in terms of their bond market. …That’s a safe haven from the standpoint of higher bond prices and they also have an attractive balance sheet.”