"Global Bond Markets are turning Japanese, I think they're turning Japanese, I really think so," Gross says in his most recent Twitter post. That suggests Gross is worried bond yields in major markets, such as US Treasurys, German bunds and UK gilts, could be trapped at dirt cheap levels for a prolonged period of time -- a blow to bond bears if the call pans out. Gross has reiterated over past months that investors need to learn to live with low returns in fixed income, a growing pain for fund managers as 10-yr Treasury yield is now running way below inflation rate. Still, alternative safe harbors are limited when it comes to hiding from euro zone's crisis.
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