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Gross says bond yields may not spike

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The coming bond market bloodbath won't necessarily look all that bloody.

So says the shy and reclusive Bill Gross, who is out Tuesday with his latest monthly investment outlook. Gross, who runs the world's biggest bond fund at Pimco, has been screaming for months that the sky is falling in the government bond market, thanks to an untenable U.S. fiscal position and all the problems that come with it.

But in the MORE


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