Gross' bet is ongoing, meaning those profits haven't been realized yet. The report estimated Gross' total profits so far based on the price for that contract, which has risen from around $95 in late October to trade around $96.45 on Friday. Gross purchased 3,000 three-month March 2025 contracts tied to SOFR in late October, a spokesperson for Gross confirmed to Bloomberg. The bet is tied to a recession call that the famed investor announced in a post on X in October. The PIMCO co-founder and "Bond King" made over $4 million from betting on the Secured Overnight Financing Rate, a short-term lending benchmark for dollar-denominated loans, according to analysis from Bloomberg. Legendary bond investor Bill Gross reportedly made millions from the latest rally in bonds, via bets on futures contracts tied to a short-term lending rate that have rallied in price as investors adjust their expectations for Federal Reserve policy.
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