Bill Billion, a billionaire and Jannie Henderson investment fund manager, said on Thursday that a bear market has started in the US debt market, though "not a dangerous bear market" for investors.
In his Investment Prospect report to investors in 2018, Gross described the selling pressure faced by the U.S. debt market recently as the society is changing its attitude toward how to treat and prevent male misconduct against women.
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Recently, Hollywood, the media industry and well-known political men broke out after another sexual harassment scandal, the issue has become the focus of public attention.
"Like men, bonds are in a bear market," Gross said. "For both, it's as hard to say where it all came from."
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