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Gundlach Webcast: Fed Rate Hike 'Increasingly Likely' One and Done
Also: Gundlach: Swap Corporate Bonds for Mortgage J. Gundlach, bond King, Doubline, is suggesting to blow out of your corporate bonds, especially junk, that were purchased at the height of panic when everyone thought the Fed was crazy enough to hike rates four times this year.
Wait, aren’t they still saying that? Gundlach quote from Tuesday: “The junk market was scared to death that the Fed was actually going to go forward with their suicide mission to raise rates four times this year, four times next year and four times the year after,” Gundlach said. “It’s not surprising that the same burst of enthusiasm for Treasury bonds, once the Fed seemed to abort their suicide mission, it also helped junk bonds. I don’t think that can continue any longer.” Government-backed Ginnie Mae mortgage-related securities “are cheap relative to Treasuries,” the fund manager said. “That’s been a good buy point for the past six years.” http://ibankcoin.com/flyblog/2016/04/12/gundlach-swap-corporate-bonds-for-mortgage/ From Ted's link "The easy money has been made," Gundlach said. Seemed to be his general theme not only with "junk" but oil and C E F's.Harder to get to $45 oil than from $30 to $40. Many C E F nav discounts have narrowed .Good way to participate is RNDLX/RNSIX .Likes the Puerto Rico Municipals for high income individual/family taxpayers.Likes C M B S '( Principal Real Estate Income PGZ up near 2% today ). Continues to stick with his now 2 year old prediction of $1400 gold.Bond investors at least 25% defensive posture which of course would be comparable to his own managed (DFLEX/DLINX).
Also Try this asset allocator http://bluerockfunds.com/asset-allocator/ And questions or comments besides WHY? TI+ is a fund for individual investors that seeks current income, low-volatility, capital preservation and long-term capital appreciation. In the three+ years since its inception through February 29, 2016, TI+ has delivered a total annualized return of 8.93%, including 12 consecutive quarterly distributions at an annualized rate of 5.25%. Significantly, the Fund has achieved risk-adjusted returns of five to seven times higher than leading stock, REIT, and bond market indexes, underscoring the Fund’s low volatility. As of 4/14/2016 NAV TIPRX $28.79 TIPPX $28.37 TIPWX $29.00 http://bluerockfunds.com/documents/
Comments
Gundlach: Swap Corporate Bonds for Mortgage
J. Gundlach, bond King, Doubline, is suggesting to blow out of your corporate bonds, especially junk, that were purchased at the height of panic when everyone thought the Fed was crazy enough to hike rates four times this year.
Wait, aren’t they still saying that?
Gundlach quote from Tuesday:
“The junk market was scared to death that the Fed was actually going to go forward with their suicide mission to raise rates four times this year, four times next year and four times the year after,” Gundlach said. “It’s not surprising that the same burst of enthusiasm for Treasury bonds, once the Fed seemed to abort their suicide mission, it also helped junk bonds. I don’t think that can continue any longer.”
Government-backed Ginnie Mae mortgage-related securities “are cheap relative to Treasuries,” the fund manager said. “That’s been a good buy point for the past six years.”
http://ibankcoin.com/flyblog/2016/04/12/gundlach-swap-corporate-bonds-for-mortgage/
From Ted's link
"The easy money has been made," Gundlach said.
Seemed to be his general theme not only with "junk" but oil and C E F's.Harder to get to $45 oil than from $30 to $40. Many C E F nav discounts have narrowed .Good way to
participate is RNDLX/RNSIX .Likes the Puerto Rico Municipals for high income individual/family taxpayers.Likes C M B S '( Principal Real Estate Income PGZ up near 2% today ). Continues to stick with his now 2 year old prediction of $1400 gold.Bond investors at least 25% defensive posture which of course would be comparable to his own managed (DFLEX/DLINX).
Also
Try this asset allocator
http://bluerockfunds.com/asset-allocator/
And questions or comments besides WHY?
TI+ is a fund for individual investors that seeks current income, low-volatility, capital preservation and long-term capital appreciation. In the three+ years since its inception through February 29, 2016, TI+ has delivered a total annualized return of 8.93%, including 12 consecutive quarterly distributions at an annualized rate of 5.25%. Significantly, the Fund has achieved risk-adjusted returns of five to seven times higher than leading stock, REIT, and bond market indexes, underscoring the Fund’s low volatility.
As of 4/14/2016 NAV
TIPRX $28.79
TIPPX $28.37
TIPWX $29.00
http://bluerockfunds.com/documents/