Bloomberg Daybreak: Europe Edition
'Bond King' Talks Selloff, Property Peril & CEO Pay
Oct 5, 2023
Bill Gross believes stocks are overvalued and bond yields need to fall significantly. London Stock Exchange CEO Julia Hoggett says low salaries are hampering the City of London. Developers are most exposed in the real-estate crisis.
19:26
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Quick takeaways
- Global bonds are expected to continue falling unless there is a significant decline in equities, according to Barclays analysts.
- Stock valuations are overinflated and bond yields need to fall significantly to justify current valuations, as commented by Bill Gross.
Deep dives
Global bonds face downward trend without stock crash
According to Barclays analysts, global bonds are expected to continue falling unless there is a significant decline in equities in the coming weeks. The recent rally in bond yields, particularly in the muni market, has raised concerns among investors. However, there are no underlying credit issues causing this rise in yields. Bill Gross, the co-founder of Pimco, also commented on the market, suggesting that stock valuations are overinflated and that bond yields need to fall significantly to justify current valuations.
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