Treasuries rose for a third day as DoubleLine Capital LP’s Jeffrey Gundlach said yields are poised to fall further and Pacific Investment Management Co.’s Bill Gross cut his holdings of U.S. government-related debt.
Treasuries rose a second day as demand at the government’s auction of $30 billion in three-year notes was bolstered by the highest yields in six months and investors seeking a haven in the world’s most liquid assets.
After reporting its worst quarterly sales drop in almost 15 years, RadioShack Corp. is as good as defaulted in the eyes of credit investors, according to Moody’s Corp.’s capital markets research group.
Fidelity Investments’ John Carlson and DoubleLine Capital LP’s Luz Padilla pursue different strategies in their emerging-market debt funds. One thing they have in common is buying bonds denominated in U.S. dollars.
It’s mid-October, and Jeffrey Gundlach is giving a stump speech to a luncheon crowd of about 200 financial advisers and investors at Los Angeles’s City Club. The renowned money manager’s theme: the financial catastrophe on the horizon.