Bill Gross Casts Shade on Treasuries, Sees 10-Year ‘Overvalued’ at 4%
- Recommends shorter-end notes for those who want to invest
- Treasuries rebound after selloff last week as oil prices slide
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Fresh from getting a big call right on yields toward the end of last year, former bond king Bill Gross just signaled he is now steering clear of Treasuries.
Ten-year US debt is “overvalued,” with similar-dated Treasury Inflation-Protected Securities at a 1.80% yield the better choice if one needs to buy bonds. “I don’t,” he wrote in a post on X.