Renowned bond investor Bill Gross told the Financial Times that having Donald Trump as president again would be a more "bearish" choice for the bond market.
Gross, once the most influential voice in the market, predicts that Trump's second term would result in higher deficits compared to President Joe Biden's tenure.
Gross stated, "Trump is the more bearish candidate due to his policies advocating continued tax cuts and more expensive measures." He also pointed out that the Biden administration has spent far beyond tax revenue, but "Trump's election would be even more disruptive."
Gross, often referred to as the "Bond King," is the founder of fixed income giant PIMCO.
