B · Normal
[The U.S. bond market may face a "big test" next week. "New Bond King": If the Federal Reserve does not raise interest rates, U.S. bonds will suffer a new round of selling] September 9th, "New Bond King" Jeffrey Gundlach warned on Tuesday that if the Federal Reserve remains on hold next week, thus going against market expectations, it may push long-term U.S. Treasury yields to rise further and intensify the historic sell-off in the bond market. Against this backdrop, Gundlach prefers shorter-duration fixed income assets, local currency-denominated emerging market bonds and real assets to longer-dated U.S. Treasuries.
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