Gundlach at The Plaza: The Hike That Barely Held the Line
It offers a bond manager's stated positioning on curve exposure and long-end risk at a specific level on the 30-year yield, which is directly relevant to advisors setting duration and maturity mix in client fixed income portfolios.
Summary
By the markets & outlook deskIn a video from DoubleLine's September client event at The Plaza Hotel in New York, CEO-CIO Jeffrey Gundlach discusses the Federal Reserve's latest rate hike, the shape of the U.S. Treasury yield curve and the risk of higher long-term rates. He reiterates a preference for the belly of the curve over long-term Treasuries, noting the 30-year yield at 5.55%.
- The remarks come from DoubleLine's September client event at The Plaza Hotel in New York.
- Gundlach covers the Fed's latest rate hike and the shape of the U.S. Treasury curve.
- He flags the risk of higher long-term rates.
- With the 30-year yield at 5.55%, he reiterates a preference for the belly of the curve over long-term Treasuries.
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