"Gross Warns of Overvaluation as 10-Year Treasury Hits 4%"

Bill Gross, the former bond king, has stated that he believes the 10-year US Treasury is overvalued at 4%, recommending shorter-end notes for those interested in investing. He suggests that similar-dated Treasury Inflation-Protected Securities at a 1.80% yield are a better choice for bond buyers. This comes after Gross accurately predicted yields toward the end of last year.