American billionaire Bill Gross, founder of the asset management company “Pimco”, announced his purchase of shares of several regional US banks, considering that the risk of investing in them is over.
In a tweet on X, he said that he is buying shares of each of the following banks, “trust financial”,”Citizens Financial”,”kcorp” and”First Horizon”.
He expected the yield curve to turn positive over the next six months, making two-year US bonds more attractive than their 10-year counterpart.
