DoubleLine's Gundlach: Short-maturity U.S. Treasuries look attractive

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries “look as good” relative to stocks and long-maturing bonds than they have in a long time.

Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid

Gundlach, known as Wall Street’s Bond King, said the tariff threat pulls U.S. economic growth forward, as reflected in second quarter GDP, but “growth moving ahead will be incrementally weaker.”

Reporting By Jennifer Ablan; Editing by Chris Reese

Our Standards:The Thomson Reuters Trust Principles.

Source link

Ads by Revcontent
« Previous article Jury chosen in trial of former Trump campaign chief Manafort
Next article » Nigeria's Senate president quits ruling party in fresh blow to Buhari