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Bill Gross says the surging 10-year Treasury yield could test 5% in the short term - TL;DR CNBC

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

Tickers: US10Y.SPX

Keywords: stock marketsbusiness newsu.s. 10 year treasurywall streets&p 500 indexbreaking news: marketsray dalioinvestment strategybreaking news: investingmarketsbreaking news: business

Source: https://www.cnbc.com/2023/10/03/bill-gross-says-the-10-year-treasury-yield-could-test-5percent-in-the-short-term.html


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