Gundlach’s Bet-Against-German-Debt Plan Has One Very Big Problem
(Bloomberg) -- Jeffrey Gundlach, CEO of DoubleLine Capital, discusses high-yield bonds and the outlook for interest rates with Bloomberg's Erik Schatzker at the Milken Institute Global Conference in Beverly Hills, CA. (Source: Bloomberg)
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So it turns out that Jeffrey Gundlach was really thinking out loud when he said he was looking to short negative-yielding German debt.
Yes, it’s true he’d really like to. But, as he would subsequently acknowledge, it’s a very difficult trade to execute in today’s European markets.