Pimco's Gross Says He's a Still a Bull on Bonds, Expects Fed to Cut Rates

(Bloomberg) -- Bill Gross, manager of the world's
biggest bond fund, said he continues to expect a ``mild bull
market'' for the next year.

``We do like bond markets from this point forward for the
next six months,'' Gross said in comments posted on the Pacific
Investment Management Co.'s Web site today from a meeting of
firm's fund managers in early May. ``But we do suggest in 2008,
2009 and 2010 that interest rates will be moving mildly higher.''


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