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  • Gross had previously said the yield would fluctuate between 4 percent and 5.5 percent. ``After 25 years of being a bull market manager to all of a sudden become a bear market manager, although mildly so in terms of higher interest rates over the next three to five years, is sort of a major shift,'' he said. ``But I think it is a well- deserved shift.'' The comments were first reported by Reuters.
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