Baker Market Update: Jan. 12, 2018

Mark Twain once famously told a newspaperman that “the reports of my death have been greatly exaggerated.” This week, famed bond-fund manager Bill Gross proclaimed that the bull market in Treasury bonds was also dead and the time had come to short the market. Mr. Gross may have forgotten that he made a similar declaration way back in February of 2011. Back then, the Ten Year’s yield was about 3.50%. So, Billy, an obvious question comes to mind; how’d that work out for ya’?

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