A Donald Trump victory in the US presidential election would be “more bearish” and “disruptive” for the bond markets than the re-election of Joe Biden, according to Bill Gross, the longtime fixed-income investor.
Trump’s return to the White House would exacerbate the burgeoning US deficits that have soured him on the market that earned him the “bond king” sobriquet when he was running asset manager Pimco, Gross told the Financial Times.
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