Bonds Are Trash, Says Bond King Bill Gross. Stocks Could Be Next Too.
Bond yields have “nowhere to go but up,” and the intermediate- to long-term bond funds that invest in them are “new contenders for the investment garbage can,” the former PIMCO head and founder Bill Gross wrote on his blog this week.
Gross calculates that 10-year Treasury yields rising to 2% in the next year from their current 1.3% would hand investors negative total returns of 2.5% to 3%.https://www.barrons.com/articles/bonds-stocks-trash-bill-gross-51630582073?tesla=y
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