If Donald Trump returns to the White House, it would worsen budget deficits and the bond market would suffer more than under another Joe Biden term, longtime bond investor Bill Gross said Sunday.
In an interview with the Financial Times, he acknowledged that Biden has also overseen an explosion in U.S. debt with deficits soaring to 8.8% of GDP last year from 4.1% in 2022. Still, the so-called Bond King, who cofounded PIMCO, sees more trouble from the former president than the current one.
