In the Margins

Gundlach, Gross disagree on bond market outlook

January 12, 2017

By Business Insider

DoubleLine Capital founder Jeffrey Gundlach on Tuesday referred to Bill Gross as a "second-tier" manager while disagreeing with Gross's outlook for bonds. Gross, who manages the Janus Global Unconstrained Bond Fund, said on Friday that "if the 10-year breaks 2.6% on a weekly or on a monthly basis, because it’s so strong and so important in terms of technical analysis, that if and when it’s broken on the upside, it’s a bear market.” During a webcast on his 2017 outlook, Gundlach countered: “A couple of second-tier bond managers talking about 2.6% at a key technical level on U.S. 10-year are ignoring the the fact that 10-year made intraday high [on Dec. 15] of 2.64%.” Read the original story from Business Insider.



Most Read

Top of the Agenda - Regulatory
In-person voting relief extended through year-end

Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...

Top of the Agenda - Governance
Recruiting in the time of coronavirus

Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...