(CNBC) Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on Tuesday, referring to the 10-year Treasury yield. “The market certainly is oversold at the moment in anticipation of Treasury supplies, in anticipation of higher for longer in terms of the Fed.”
Bill Gross says the surging 10-year Treasury yield could test 5% in the short term
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