The Ticker
Bill Gross cautions lower returns on corporate yields
2/27/13 1:15pm
Bill Gross, whose Pacific Investment Management ($62.62 0.52%) runs the world's largest bond fund, said that corporate credit and high-yield bonds 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.
