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

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.

https://www.bloomberg.com/news/articles/2024-01-09/gross-casts-shade-on-treasuries-sees-10-year-overvalued-at-4