Bill Gross on the End of the Great Bond Bull Market
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 13 September 2023
⏱️ 52 minutes
🧾️ Download transcript
Summary
Bill Gross became known as the Bond King during his legendary, multi-decade run at Pimco, eventually growing the company to manage trillions of dollars. Of course, that success coincided with a remarkable bond bull market -- a bull market that came to a screeching halt over the course of the last two years. So what does Gross think of markets today? And could there ever be a new bond king in this environment? During a live episode of the Odd Lots podcast, taped at the Future Proof conference in Huntington Beach, California, Gross talked about the state of the market, reflected on his career, discussed the things that make him happy today, and addressed old rivals and competitors.
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| 0:00.0 | As of 9-1-20-23, you may earn a 5.5% annualized yield with six-month T-bills of held to maturity. |
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| 0:21.2 | Visit public.com slash T-Bill podcast to get started. |
| 0:24.9 | This is a paid endorsement by public.com, fees and conditions apply. |
| 0:28.4 | Treasury accounts at public.com or through Gico Securities Inc. |
| 0:31.5 | Member Finra and SIPC. Not FDIC-insured? No bank guarantee. |
| 0:35.2 | May lose value. Full disclosures can be found at www.public.com slash T-Bill podcast. |
| 0:58.8 | Brightest Minds. With guests like Ted Serandos of Netflix, |
| 1:02.0 | insecure creator Issa Rae, and podcast King Bill Simmons. |
| 1:05.6 | Catch it on October 11th and 12th and find out more at bloomberglive.com slash screen time. |
| 1:21.6 | Hello and welcome to another episode of the Odd Lots podcast. I'm Tracy Alloway. |
| 1:26.0 | And I'm Joe Wisenthal. Joe, we are at the future proof conference in the glorious Huntington Beach. |
| 1:33.0 | And we have a very, very special guest. This is something that we recorded live on stage, |
| 1:38.8 | on a beach. We've never done that before. Never on a beach before. Truly extraordinary moment. |
| 1:44.0 | Beautiful Huntington Beach. It really is kind of like a festival here, and this was a really fun |
| 1:48.9 | conversation to do. Yeah, so we are speaking with Bill Gross, the Bond King himself. |
| 1:55.2 | Obviously, he has a lot of thoughts on the state of the bond market now, but we're also going |
| 1:59.2 | to talk to him about his career and how investing and trading debt has actually changed over the |
| 2:05.1 | decades. Yeah, really fun conversation. Take a listen. Bill, you brought out the sunglasses, huh? |
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