Bill Gross Says European Bonds Are Becoming More Attractive
- French 10-year yields surge as Macron calls snap election
- Election ‘uncertainty’ in US could rattle markets: Gross
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Bill Gross is finding opportunities in Europe after surprising election results in the region rattled markets and sent French bond yields to their highest mark this year.
“There’s coming a point where European bonds are more attractive than Treasury bonds, in my opinion,” Gross, the co-founder and former chief investment officer of Pacific Investment Management Co. said on Bloomberg Television Monday. “In terms of attraction, the German 10-year bunds and French 10-year, their spreads have narrowed significantly in the past month or two relative to Treasuries and today as well.”