Jeff Gundlach backs up his public caution on longer-dated Treasurys by taking the modified...

|By:, SA News Editor

Jeff Gundlach backs up his public caution on longer-dated Treasurys by taking the modified duration of his Total Return Fund to just 1.59 (the fund would lose 1.59% in value in the case of an immediate 100 bp rise in rates). By comparison, Pimco's Total Return Fund is at 4.02.