The Federal Reserve Will Increase Interest Rates In December.

After the October non farm employment report, the non farm employment data rose sharply, and the probability of raising interest rates by the Federal Reserve in December is now "100%".

Gross said in an interview with the media, "they are ready to make preparations."

Before the visit, the US Labor Department announced that it added 271 thousand jobs in October, which was higher than market expectations and the largest increase in salary in more than six years.

Grosse, who manages the $1 billion 400 million global margin fund, said that his fund had a negative existence before the employment figures were released, that is, he had taken a favorable position to earn money from raising interest rates.

He also said he was shorting 30 - year treasury bonds and advises investors to reduce risks.

"I believe the Federal Reserve will proceed step by step," he said.

Short term 30 year treasury bonds, rather than doing much, are clearly making money now. "

According to Bloomberg's statistics, the global unlimited bond fund has lost 1.5% of its performance this year, less than 78% of its peers.

Earlier this week, gross said his fund had taken some action to deal with the employment report.

Gross said, "so what I want to do is to carry out low-risk pactions, that is, not large-scale investment.

And do not invest in high-yield bonds.

Grosse, who has been urging the fed to raise interest rates, expects the United States to increase interest rates.

The pace will be about 50 to 75 basis points per year.

He pointed out that concerns about the strong dollar's damage to the global financial system will hamper the pace of US interest rate hikes.