Bill Gross says the surging 10-year Treasury yield could test 5% in the short term
Publishing timestamp: 2023-10-03 20:46:49
Summary
Bill Gross believes that Treasury yields could reach 5% in the short term due to anticipation of higher interest rates and Treasury supplies. The stock market experienced a sell-off as bond yields reached their highest point in 16 years. Gross attributes this to the Federal Reserve's aggressive rate hikes and the recognition of a large Treasury deficit.
Sentiment: MIXED
Keywords: stock markets, business news, u.s. 10 year treasury, wall street, s&p 500 index, breaking news: markets, ray dalio, investment strategy, breaking news: investing, markets, breaking news: business,