INSUBCONTINENT EXCLUSIVE:
Investors who are betting against US Treasurys could be setting themselves up for massive losses ahead, according to Jeff Gundlach.
The
DoubleLine Funds founder and fixed-income maven sent a warning via Twitter on Friday after data from the Commodity Futures Trading
Commission showed hedge funds had piled on record bets against 10- and 30-year Treasurys.
Speculators have been on the right side of the
It has since retreated and was at 2.842% on Monday, up about 44 basis points from the beginning of the year.
The drop in yields this year
It has turned negative before every recession since the 1960s, and so its approach toward zero has been the subject of much debate in
conviction against Treasurys
On Wednesday, the Federal Reserve will release minutes of the policy meeting it held earlier this month
And on Friday, Fed Chairman Jerome Powell is scheduled to speak on monetary policy at the Jackson Hole symposium, an annual meeting of
Treasurys sold off and the 10-year yield topped 3% again on August 1 after the Japanese central bank indicated it was willing to prolong its
