Bill Gross Posts 'On Bonds. Invest In The Curve. Various Combinations 2/10, 2/5. Should Go Positive Before Year End. I'm Buying SFR h5 (SOFR Futures). "higher For Longer" Is Yesterday's Mantra.'
Portfolio Pulse from Benzinga Newsdesk
Bill Gross, a renowned bond investor, has recommended investing in the yield curve, specifically in combinations of 2/10 and 2/5. He predicts these will go positive before the end of the year. He also mentioned that he is buying SFR h5 (SOFR Futures), indicating a shift from the 'higher for longer' investment strategy.
October 23, 2023 | 3:24 pm
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NEUTRAL IMPACT
Although SPY is not directly mentioned in the tweet, the advice to invest in the yield curve and SOFR Futures could indirectly impact SPY as it reflects the overall market sentiment.
Bill Gross's advice to invest in the yield curve and SOFR Futures indicates a shift in market sentiment. This could indirectly impact SPY, which is a broad market ETF, as changes in market sentiment often affect broad market indices. However, as SPY is not directly mentioned, the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50