'Bond king' remains neutral on shock

Bill Gross, the famous investor known as the 'bond king', announced that he will neither buy nor sell against the global turmoil. Bill Gross, the famous investor known as the 'bond king', signaled that he will remain neutral against the global turmoil. Gross, who made a statement on the social media platform X, stated that he will not make a 'small recovery purchase' from the bottom levels and that he will not sell either. Gross drew attention to the fact that the bid-ask spread has widened excessively due to the excessive volatility in the markets and stated that there is too much leverage in the global financial system. According to Gross, the strengthening of the Japanese yen and the excessive declines in US bond yields played a critical role in unwinding the positions. In his statement in mid-July, Gross drew attention to the fact that the 2-10 year bond yield spread could close under the shadow of the Fed interest rate cut scenario and recommended buying two-year bonds.