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TIMESTAMP: Bill Gross Calls The Moment The Great Bond Bull Market Ended

May 10, 2013, 20:15 IST

PIMCO bond investing legend Bill Gross has called the end of the 30-year secular bull market in bonds in a tweet this morning.

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The chart below is a look at the 10-year U.S. Treasury yield over the past five years. The small back-up in interest rates since April 29 is highlighted on the far right.

Business Insider/Matthew Boesler, data from Bloomberg


The next chart is a zoomed-out look at the 30-year secular bond bull market. The little blip hasn't even shown up on that chart yet.

Business Insider/Matthew Boesler, data from Bloomberg

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In April, PIMCO boosted its holdings of Treasuries to the highest levels in over a year, and Gross said in his May investment letter that Treasuries "are better than the alternative (cash) as long as central banks and dollar reserve countries (China, Japan) continue to participate."

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