What does Bill Gross really mean when he refers to 'carry'?

This "original" and "perceptive" way of thinking makes me extra respectful of the insights that it introduces. I'm really listening now, Mr. Gross! Maybe henceforth I'll take my bond advice from the inimitable Tom Tomorrow. read more

There is actually a good explanation here: Investment Outlook In short, carry is a measure of expected return for a security or portfolio. The article explains how there are multiple sources of carry, which are the various risk premia. read more

Gross summarizes his thesis in more compact form, noting that anyone seeking such historical returns, will not find them on earths: perhaps on Mars. read more