Pimco's Bill Gross Economic Viewpoint

In a radio interview with Bloomberg's Tom Keene last Friday, Pacific Investment Management Company's Bill Gross said that he doesn't see a bear market unfolding in the bond market, nor does he think interest rates will rise anytime soon. Treasury yields will drift up “gradually, but not significantly,” Gross said. If Mr. Gross is correct, that will help keep the U.S. economy on a slow but sure path toward economic stability and growth.