Bill Gross Says European Bonds Are Becoming More Attractive

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.”