Bill Gross says negative yields will lead to ‘supernova’-like market implosion

Marketwatch reports:

As yields on government bonds across the globe march toward fresh record lows, bond guru Bill Gross continues to sound the alarm.

Early Friday, he tweeted via Janus Capital that global yields are their lowest in “500 years of recorded history.” The fixed-income expert, who manages the firm’s unconstrained bond strategy, cautioned that record-breaking low yields and negative interest rates emerging in places like Japan and parts of Europe could have explosive implications. And not in a good way for global markets

Gulp.