"Bill Gross Warns of Overvaluation in 10-Year Treasury Bonds"

Bill Gross, the former bond king, believes that the 10-year Treasury is overvalued with a 4% yield and recommends the 10-year Treasury inflation-protected yield at 1.80% as a better choice. He suggests going long on 2-year bonds while shorting the 10-year and highlights his successful recommendations for regional bank stocks and mortgage REITs. Gross also expresses continued interest in Capri Holdings as a merger arbitrage target.