Bill Gross on Bloomberg TV

  • Yields will be moving higher on the 10-year
  • Says he doesn't believe it will take 4% 10-year to hurt stock markets, thinks 3% will start to weigh on things like utilities
  • I don't listen to Mnuchin and Trump on the dollar
  • The budget deficit matters to the dollar
  • We're heading towards $1 trillion deficit
  • I don't think the VIX can move appreciably higher because central banks are still in control
  • I think Fed rates will rise 1-2 times this year

It's a dovish take for a guy who is a bond bear, which is tough to square.

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