Even some of the biggest bond bears on Wall Street fear they have flown too close to the sun, saying the market rout on Treasury bonds has pushed too far.
First billionaire investor Bill Ackman, founder of Pershing Square Capital Management, wrote "there is too much risk in the world to remain short bonds at current long-term rates," and now the 'Bond King' himself, Bill Gross, has chimed in to suggest investors should buy bonds.
