Bill Gross, the one-time bond king, said stock and bond bulls are wrong

The fair value of the 10-year Treasury yield is about 4.5%, compared with the current level of around 4.16%.

Gross, who retired from asset management in 2019, said inflation may prove sticky at around 3%. 

He pointed out that 10-year yields historically traded about 135 basis points above the Federal Reserve’s policy rate.

Bloomberg 11 August 2023



Bill Gross warns Fed rate rises will ‘crack the US economy’




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