Even 'Bond King' Bill Gross warns 'don’t own bonds' as long-term debt enters a new ear of volatility - Fortune — SkimNews
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- Bill Gross, the "Bond King," warned investors "don't own bonds" as long-term debt enters a new era of volatility, telling them to be cautious with stocks as well.
- Gross's only bond exception is one-year T-bills, a notably narrow safe haven, and his warning comes as total debt has reportedly hit $84 trillion according to coverage of his remarks.
Why it matters: When the investor who built his reputation on bond calls says don't own bonds entirely, it signals rare pessimism from a fixed-income legend — and his $84 trillion debt figure puts a number on the scale of the market he's now steering investors away from.
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