Bill Gross, of PIMCO, invests around the world in bonds. He gives his take on the impact of the Egyptian unrest, with CNBC's Becky Quick.
The US dollar and treasury bond have not been benefiting from the typical “flight-to-safety” trade in situations like this in the past.
Gross has been critical towards the measures taken by the US Treasury and Fed lately. He has been moving out of US dollar and US treasury rather than move in.
The unrest in Egypt exposes the weakness of the US in the region, in terms its inability of providing peace in the region and cheap oil from the region. Gross thinks the strong dollar is a thing of the past not in the future.
Mohamed El-Erian, the CEO Of PIMCO, also discusses the crisis in Cairo. He is in agreement with his colleague Bill Gross on the Egypt situation.
PIMCO revised the growth rate of the domestic US economy forecast and El-Erian stated that the growth expectation is reflected in the current market rally. He won’t say which way the market will go from this point on.
The US dollar and treasury bond have not been benefiting from the typical “flight-to-safety” trade in situations like this in the past.
Gross has been critical towards the measures taken by the US Treasury and Fed lately. He has been moving out of US dollar and US treasury rather than move in.
The unrest in Egypt exposes the weakness of the US in the region, in terms its inability of providing peace in the region and cheap oil from the region. Gross thinks the strong dollar is a thing of the past not in the future.
Mohamed El-Erian, the CEO Of PIMCO, also discusses the crisis in Cairo. He is in agreement with his colleague Bill Gross on the Egypt situation.
PIMCO revised the growth rate of the domestic US economy forecast and El-Erian stated that the growth expectation is reflected in the current market rally. He won’t say which way the market will go from this point on.
