Gundlach Says ‘Reckoning Is Coming' for US Treasuries
America's debt burden and interest expense have become 'untenable,' and that means long-term US Treasury bonds are no longer seen as legitimate risk-free investments, said DoubleLine Capital's Jeffrey Gundlach.
'There's an awareness now that the long-term Treasury bond is not a legitimate flight-to-quality asset,' the veteran bond manager said Wednesday in an interview at the Bloomberg Global Credit Forum in Los Angeles. A 'reckoning is coming.'
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