Bill Gross, a prominent market expert known as the 'Bond King,' has expressed concerns that a Donald Trump victory in the upcoming US presidential election would be more bearish and disruptive for bond markets compared to a Joe Biden re-election. Gross attributes this to the potential for higher government spending, higher deficits, and higher rates under a Trump administration. He cited the burgeoning US fiscal deficit, which reached 8.8% of GDP last year, more than double the previous year's 4.1%, as a major factor putting upward pressure on Treasury yields. Gross has declared that 'total return is dead' in his most recent market outlook. According to the Financial Times, Gross also mentioned that the $2tn annual increase in supply is going to put some pressure on the market.
Bill Gross says Trump is 'bearish' choice for bond markets https://t.co/zra0JFmpe5 https://t.co/dlXUmCNtRT
⚠️ BILL GROSS SAYS TRUMP IS 'BEARISH' CHOICE FOR BOND MARKETS Full Story → https://t.co/Zt388C7iPL
Bill Gross—aka the Bond King—tells @FT that the U.S. deficit hitting 8.8% of GDP in 2023, double the 4.1% in 2022, is putting upward on Treasury yields "It’s the deficit that is the culprit; a $2tn [annual] increase in supply... is going to put some pressure on the market"
Bill Gross on a Trump win - higher government spending, higher deficits, higher rates https://t.co/EEqW4pGJ6Q
Market expert Bill Gross predicts potential shake-up in bond markets due to Trump victory, per Financial Times report.
Bill Gross says Trump would be worse for bond markets than Biden via @FT https://t.co/Kfq47he7sG
🇺🇸 The burgeoning US deficit has turned Gross off the bond strategy that made him famous and led him to declare in his most recent outlook that “total return is dead”. The US fiscal deficit hit 8.8 per cent of GDP last year — more than double the 4.1 per cent deficit figure… https://t.co/baP0GgZXq3
🇺🇸 Bill Gross says Trump would be worse for bond markets than Biden A Donald Trump victory in the US presidential election would be “more bearish” and “disruptive” for the bond markets than the re-elected. - Financial Times https://t.co/prm0jBA58u
Bill Gross says Trump would be worse for bond markets than Biden https://t.co/p9qSv7Lx3T