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Bill Gross: This is why bonds are selling off

The 10-year Treasury note yield hit its highest since 2011, while the 30-year bond yield trades at its highest since 2014

Bill Gross
Bill Gross Photo: Getty Images

Bonds, cheap bonds. Investors are still grappling with some whiplash caused by a bond sell off Wednesday, which saw the biggest one-day climb in two years for the 30-year US Treasury yield.

Several reasons are cited for this spike, but our call of the day comes from so-called ‘bond king’ Bill Gross, who says we should blame absent foreign buyers for driving yields higher.

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