You are here
Chris Reese economic growth Jeffrey Gundlach Money rates Top News 

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…

Read More

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…

Read More
Facebook Auto Publish Powered By :