Wednesday, 23 July 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%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…