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Off-topic for aiqbench

Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

Even ‘Bond King’ Bill Gross warns ‘Don’t own bonds’ as long-term debt enters a new era of volatility

Fortune3 min read

“Be prepared for the end of ‘what you are used to’ stock markets and higher volatility in prices for the benchmark 10-year Treasury bonds.”

PIMCO cofounder Bill Gross, who revolutionized bond investing with active trading strategies, warned the overall credit landscape has become unbalanced and cautioned against holding longer-term debt. In a Financial Times op-ed on Wednesday, he pointed out that government, mortgage and corporate credit now totals about $84 trillion. “Too much debt can lead to too much risk and too much equity can lead to…

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