• 12/06/2024 23:54

“Bond King” Bill Gross advises against buying bonds

Investor Bill Gross, dubbed the “bond king,” doubts bonds should be bought as their yields rose sharply on Thursday after the US GDP report. Bussines Insider writes about this.

The 'King of Bonds' Bill Gross does not advise buying bonds

► Subscribe to the Telegram channel of the Ministry of Finance: main financial news

Against the background of the report, US bond yields jumped more than by 4.7%, and the technology sector fell more than 1% on Thursday afternoon.

Gross also does not recommend investors buy shares of large technology companies other than Microsoft.

As a reminder, that this is not the first time the “king of bonds” has doubted the appropriateness of using this instrument; in 2021, he called bonds investment “garbage.”

minfin.com.ua

Leave a Reply

Your email address will not be published. Required fields are marked *