(Bloomberg) -- Pimco's Bill Gross recommends staying in bonds maturing in five years and less even after comments last month from Federal Reserve Chair Janet Yellen sent shorter-maturity yields surging.
The 15 year portion of the curve, beaten up recently due to Fed blue dot forecasts and Yellens six months after comments, should hold current levels if inflation stays low, Gross wrote in his monthly investment commentary on Newport Beach, California-based Pimcos website. But 530 year maturities are at risk.
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