Sunday, 21 December 2014
Last updated 1 hour ago
Jun 28 2013 | 12:13pm ET
DoubleLine Capital's Jeffrey Gundlach has apologized to investors after the bond guru failed to foresee the recent bond selloff.
Gundlach earlier this month told webcast viewers that 10-year U.S. Treasury yields would not rise above 2.35%. Earlier this week, they soared to 2.667%, a nearly two-year high.
"I was wrong," Gundlach told The Wall Street Journal. "I am wrong 30% of the time and right 70% of the time, and this was one that was wrong."
Gundlach has also updated his outlook for Treasuries, predicting that yields will continue to rise into next month and could go as high as 2.75%.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.