U.S. Treasuries costs grew at its fastest pace that Pimco Chief Investment Officer Bill Gross leaving from the globe’s largest bond fund “Pimco” and he is joining the competitor Janus Capital Group, where he will handle the newly launched Janus Global Unconstrained Bond Fund and connected strategies.

According to the news that the Pimco Total Return Fund had 41 percent of its assets in U.S. government-related securities at the end of August, and analysts said brokers sold Treasuries to bet shareholders would drag cash from Pimco.

Italian and Spanish 10-year bond costs also fell after the declaration of Gross’ exit on fears that Pimco, which has huge assets in euro zone peripheral bonds, may change its plan.

Galoma said that the recent report of Gross’s exit is huge, and the implications are massive for bond markets around the world and any market that he is involved in will under perform.

Shareholders on Friday are showing a great eagerness to purchase dangerous treasures, such as stocks, following a quick sell off in these assets on Thursday and the Dow Jones Industrial Average in recent times was up 81 points, or 0.5%, at 17027.

Mr. Giddis said that the result he once had on a market is just not as well-liked as it was a couple of years ago and the selling previous Friday already has attracted some investors to purchase Treasury bonds, and that is why you are seeing bond costs bouncing off the low of the day.

He further said that if all funds departs from Pimco, it likely gets a home anywhere else and that has been going on all year.