FILE PHOTO: Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents through the 2019 Sohn Funding Convention in New York Metropolis, U.S., Might 6, 2019. REUTERS/Brendan McDermid
(Reuters) – Jeffrey Gundlach, chief government of DoubleLine Capital and probably the most extensively adopted bond investor, stated the Federal Reserve’s dovish flip in its coverage assertion on Wednesday took its lead from the bond market.
The Fed is doing “what the bond market says – with a lag,” stated Gundlach, who oversees greater than $130 billion in belongings. “The bond market undoubtedly helped to encourage the ‘Fed pivot.’”
The Ate up Wednesday signaled it may lower…