Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP, said comments by the Federal Reserve’s Janet Yellen and a lack of inflation indicate Fed tapering may be further away than investors expect.
Treasury 10-year notes rose for a third day as some investors perceived yields at almost the highest level in three months offer value as they weigh when the Federal Reserve will start to slow bond purchases.
Job openings in the U.S. climbed in October to the highest level in more than five years, showing employers were looking beyond the budget impasse in Washington amid growing confidence in the economic expansion.
World Bank President Jim Yong Kim said risks to developing nations as the Federal Reserve slows its bond buying will be reduced by clear communication about the exit and offset by a faster U.S. economic expansion.
Elizabeth Warren, in her first year as a U.S. senator, has captured headlines by pressuring such industry titans as Goldman Sachs Chairman Lloyd C. Blankfein for transparency, including a Dec. 4 call for Wall Street banks to disclose their contributions to policy groups that provide financial analysis to Congress.
The Bank of England discovered about 120 years ago that women were ideal for some of its most tedious work: processing old banknotes. Now, the bank counts on its female staff to set rules for one of the world’s top financial centers -- before they leave early to pick up the kids.