Bill Gross sees one or two Fed rate hikes in two thousand-sixteenth: Barron'south

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Source:   —  April 10, 2016, at 9:27 PM

S. Federal Reserve will lift interest rates once or twice in two thousand-sixteenth, according to an interview in Barron's. Gross, who's the manager of the Janus Global Unconstrained Bond Fund (), told Barron'south that he doesn't expect U.

n">Bond manager Bill Gross predicts that the U. S. Federal Reserve will lift interest rates once or twice in two thousand-sixteenth, according to an interview in Barron's.

Gross, who's the manager of the Janus Global Unconstrained Bond Fund (), told Barron'south that he doesn't expect U. S. Treasury yields, which are currently around 1.7 percent, to modify dramatically this year.

The 71-year-old portfolio manager said he sees investment opportunities in merger arbitrage situations, such as Berkshire Hathaway's () acquisition of Precision Castparts latest year or Anheuser Busch InBev's () planned acquisition of rival SABMiller ().

Additionally, Gross said he likes closed-end funds such as the Nuveen Preferred Income Opportunities Fund () and the Duff & Phelps Global Utility Income Fund ().

(Reporting By Jessica Toonkel; Editing by Alan Crosby)

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