{"id":68786,"date":"2023-10-04T18:12:59","date_gmt":"2023-10-04T22:12:59","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/its-time-to-buy-a-t-bill-and-chill-says-doublelines-gundlach\/"},"modified":"2023-10-04T18:13:03","modified_gmt":"2023-10-04T22:13:03","slug":"its-time-to-buy-a-t-bill-and-chill-says-doublelines-gundlach","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=68786","title":{"rendered":"It\u2019s Time to ‘Buy a T Bill and Chill,’ Says DoubleLine\u2019s Gundlach"},"content":{"rendered":"
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Yields on a risk-free government bond have soared, and bond titan Jeffrey Gundlach says they will move even higher.<\/p>\n

The DoubleLine Capital CEO and chief investment officer said the U.S. is grappling with rising interest expenses on its debt, in comments at the Grant\u2019s Interest Rate Observer investment conference in New York. The average interest rate on federal debt is currently at 3%, according to Gundlach, and he anticipates that it will climb to 6% in the future.<\/p>\n

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\u201cYield will have to go much higher in the context,\u201d he said. <\/p>\n

He added, \u201cI\u2019m much happier\u201d now as a bond investor than in 2016 when the bond market was in the \u201cdungeons.\u201d Gundlach explained that to get a 5% annual yield on a bond portfolio then, investors had to buy a junk-bond index, leverage it, and hope the bonds didn\u2019t default.<\/p>\n

\u201cNow you can buy a T bill and chill.\u201d<\/p>\n

The one-year Treasury bill now yields 5.515%, a big step up from below 4% a year ago. <\/p>\n

The 10-year Treasury note, at 4.801% on Tuesday, offered the highest yield since August 2007, months before the 2008-09 financial crisis.<\/p>\n

Write to Karishma Vanjani at\u00a0karishma.vanjani@dowjones.com.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Yields on a risk-free government bond have soared, and bond titan Jeffrey Gundlach says they will move even higher. The DoubleLine Capital CEO and chief investment officer said the U.S. is grappling with rising interest expenses on its debt, in comments at the Grant\u2019s Interest Rate Observer investment conference in New York. The average interest […]<\/p>\n","protected":false},"author":1,"featured_media":68787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-68786","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nIt\u2019s Time to 'Buy a T Bill and Chill,' Says DoubleLine\u2019s Gundlach | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Yields on a risk-free government bond have soared, and bond titan Jeffrey Gundlach says they will move even higher. 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