Gross
Gross

Here is a short missive from Bill Gross:

Long-term research indicates US 10 year has traded at CPI plus 175. With inflation at 2.5% that puts a 10 year at 4.25% or so. That was history — but deficits/ensuing supply of bonds/and a weak dollar should keep CPI from falling below 2.5% and the 10 year from falling below 4.25%. Stocks are AI dominated and continue to suggest 1-2% economic growth despite tariffs and geopolitical unrest. I suggest a “little bull market” for stocks and a “little bear market” for bonds. Nothing dramatic either way for now.

US 10s are trading at 4.31% today, near the bottom of the range over the past month.

US 10 year yields
US 10 year yields, daily
Source: Forex Live