How do you know someone isn't bragging?
They begin a sentence with, "Not to brag butů"
tweeted that he told you so when it came to short-term Treasuries, which he recommended last week, Bloomberg's
Wes Goodman and Liz Capo McCormick reported.
Gross tweeted "Not braggin' but what did we tell you" after the difference between five and 30-year yields widened as much as 2.38 percentage points Goodman and McCormick write. Gross made the prediction after Larry Summers
dropped out of consideration for Fed chair.
In other Gross related news, Bloomberg's
Alexis Leondis reports that Gross said the Fed would emphasize meeting inflation targets if Janet Yellen
became Fed chair, saying on Bloomberg Television, "The Federal Reserve, certainly, if Yellen is appointed as the chairperson will come increasingly focused on inflation."
fund analyst Michelle Canavan interviewed Mihir Worah
, head of the real return portfolio management team at Pimco
] , who oversees Pimco Real Return
, Pimco Commodity Real Return Strategy
and Pimco Inflation Response Multi-Asset
Worah was quoted as saying, "Our near term inflation expectations are fairly muted. We think inflation over the next nine to 12 months in the United States for example, is going to go below 2.0 percent and the market is pricing that one-year break-even in the TIPS market at about 1.8 percent.
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Neil Anderson, Managing Editor
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