Bill Gross expects "mini revolt"; bond yields not likely to fall further

Legendary bond investor Bill Gross on Friday warned investors to brace for a "mini revolt" in the wake of the U.K.'s shocking decision to leave the European Union. Janus Global's Gross predicted a possible "political domino effect" where marginal countries in the bloc could follow the U.K's example. "A dysfunctional family before Brexit is likely to become even more dysfunctional," he said in an interview with CNBC. "The EU may not be at risk," but the grand vision that had underpinned the alliance is in jeopardy, he said. Gross, however, does not expect interest rates in the EU to drop......(read more)

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