Jeffrey Gundlach: The yen is going down

The so-called 'King of Bonds', Jeffrey Gundlach, has declared himself a fan of the 'Abe Trade'.

DoubleLine Capital's Jeffrey Gundlach, dubbed the "King of Bonds" by Barron's two years ago, seems to have impeccable timing.

Last July, he said US government bonds could be at a peak as yields were at historic lows. Yields have since drifted up to around 2% as prices have declined. In the meantime, Apple, a stock he had described as "over-believed and overbought", has fallen to around $450. He shorted it at $610 last year.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.