The former bond king, Bill Gross, says 10-year Treasury is ‘overvalued'

The former bond king doesn’t like the fixed-income security that’s the lynchpin of the financial world. Bill Gross, the retired fund manager and co-founder of Pacific Investment Management, took to the social-media service X to say that the 10-year Treasury BX:TMUBMUSD10Y is “overvalued” with a yield of 4%. Yields move in the opposite direction to prices. Through Monday, the yield on the 10-year Treasury has fallen 99 basis points from its late October peak. He said the 10-year Treasury inflation-protect ...