Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit

One man shook a $42 trillion bond market last week, highlighting just how vulnerable bond prices are to shocks. Bill Gross’s surprise departure on Friday from Pacific Investment Management Co. sparked selloffs in some of his biggest wagers, such as inflation-protected U.S. government bonds. The m…

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Gross Exposes $42 Trillion Bond Market’s Key Flaw in Exit