Jeffrey Gundlach has a history of good calls. Barron’s called him the “King of Bonds” in 2011, thanks to his $9bn TCW Total Return Bond Fund’s great ten-year track record.
In 2012, he shorted Apple before the share price fell by around a third. Early this year, he defied the consensus by predicting a fall in Treasury yields. He was right and the consensus was wrong.
So what’s he saying now? That the next few years will be “interesting”. When a “bond market maven” uses that word, “be scared”, says the FT’s Stephen Foley. “What is good for [...]