Elite investor Jeffrey Gundlach is doubling down on the ‘”Sell America” trade.
The DoubleLine Capital CEO, previously coined as the “King of Bonds,” raised concerns about dollar-denominated assets when speaking at the Bloomberg Global Credit Forum on Wednesday.
At the core of his comments is growing concern over America’s swelling debt load, which is expected to get even bigger if President Donald Trump’s “Big Beautiful Bill” eventually passes.
“There’s an awareness now that the long-term Treasury bond is not a legitimate flight-to-quality asset,” Gundlach said, warning that a “reckoning is coming.”
He’s referring to recent volatility in long-dated government bonds, like 30-year Treasurys, which haven’t been trading like the sure-thing safe bet they’re supposed to be.
And Gundlach’s firm has been putting its money where its mouth is. The DoubleLine CEO said his firm has been allocating more fund holdings to…
