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 wrot
