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

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.
Comments (1)
  • GaltMachine
    , contributor
    Comments (1140) | Send Message
     
    Actually that is up from the recent low of under 1.3 years. Coincides with a reduction in the cash position so apparently he is deploying some of that cash into MBS.

     

    Link to the statistics:

     

    http://bit.ly/xdhdJY
    6 Nov 2012, 12:43 PM Reply Like
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