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Gundlach says flatter Treasury yield curve could become a concern

June 21, 2017 By Jennifer Ablan NEW YORK (Reuters) – The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday. The slope of the yield curve has been flattening in recent days, with short-term rates rising faster than longer-bond yields. This typically happens when monetary policy is tightened. Last week, the Federal…

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Prudential’s Peters says risk-reward for junk bonds ‘not favorable’

April 20, 2017 By Jennifer Ablan NEW YORK (Reuters) – PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the “risk-reward is just not favorable.” Peters, who helps oversee more than $100 billion in multi-sector fixed-income portfolios at PGIM Fixed Income, said after high-yield’s huge run-up late last year and into 2017, junk bonds no longer offer ample value. Even so, “I’m not bearish, per se, of high yield, but we have taken it down” in…

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