DoubleLine’s Gundlach says no risk of U.S. junk bond ‘meltdown’

April 4, 2017 By Jennifer Ablan NEW YORK (Reuters) – There is no risk of a high-yield junk bond “meltdown” because the risk of a recession is low, Jeffrey Gundlach, chief executive of DoubleLine Capital, said on a client webcast on Tuesday. Gundlach, who oversees more than $105 billion in assets at Los Angeles-based DoubleLine, also said he does not think financial markets will see 3 percent on the 10-year Treasury yield this year. “With inflation falling in the months ahead, pressure for higher yields is reduced,” Gundlach told Reuters…

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