Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

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Bill Gross cautions lower returns on corporate yields

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Bill Gross, whose Pacific () (LTPZ) runs the world's largest bond fund, said that corporate credit and high-yield () are "somewhat exuberantly and irrationally priced" and are being propped up in part by the Federal Reserve's ongoing bond-buying program that has kept interest rates low.

Source: Reuters
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