Today, the bond market is pricing in a fed funds rate of 3.71% at the end of next year. Fed chair Jay Powell has noted that the labor market is “back in balance,” and Gundlach observed that consumers ...
The strategy's managers focus on buying the debt of good businesses with mediocre financial health that have the potential to improve and eschew those with weak fundamentals and the risk of ...
Each manager makes independent decisions on its portion of portfolio assets, but both tend to focus their purchases on higher-quality bonds within the high-yield universe, which is evident in the ...