NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Tuesday that short-maturity U.S. Treasuries “look as good” relative to stocks and long-maturing bonds than they have in a long time.
Jeffrey Gundlach, CEO of DoubleLine Capital LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid
Gundlach, known as Wall Street’s Bond King, said the tariff threat pulls U.S. economic growth forward, as reflected in second quarter GDP, but “growth moving ahead will be incrementally weaker.”
Reporting By Jennifer Ablan; Editing by Chris Reese
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