"Bond King" Gross points out that gold has become a meme asset, and a 4.5% yield on U.S. Treasuries is more reasonable

Foreign media reported that "bond king" Gross posted on social platform X, stating that the current rise in gold seems to be overstretched, and indicated that gold has become a momentum or meme asset, suggesting that if one wishes to hold it, they should wait a bit.

He also anticipated that the "cockroaches" of U.S. regional banks may continue to affect stocks and bonds, but expected that the yield on the 10-year U.S. Treasury bond would significantly exceed last week's closing of 4.01%, stating that a rise to 4.5% is more reasonable, based on the federal government needing to issue a large amount of new debt to cover the deficit, while economic growth is expected to plummet from the current estimate of over 3% to 1%.

Several banks had previously disclosed issues with suspicious borrowers, and JPMorgan CEO Jamie Dimon referred to the collapse of the auto loan company Tricolor as a "cockroach," suggesting that this phenomenon may indicate that more problems are hidden elsewhere