Tag Archives: The beginning of the end?

The beginning of the end?

On April 30, bond fund king Bill Gross of Pimco Co. said he believed that the bull run in bonds had come to an end along with the low interest rates that have propelled it. Judging by how high rates have come up since those comments you would think that the market was listening to his every word. During the last two weeks of May and into the first week of June, mortgage rates moved up from 3.375 percent on a 30 year fixed to 4.25 percent. That is a pretty dramatic increase in such a short period of time. …

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