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.
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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.”
