Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gundlach Sees Change in Market Psychology on Fed Decision

Don't Miss Out —
Follow us on:

Sept. 18 (Bloomberg) -- DoubleLine Capital LP’s Jeffrey Gundlach said the psychology in bond markets may have changed after the U.S. Federal Reserve unexpectedly maintained the pace of monthly bond purchases, sending yields lower.

The yield on the 10-year note fell as low as 2.67 percent following the Fed’s announcement. A level below 2.7 percent represents a “convincing change” in psychology after yields rose above 3 percent earlier this month, Gundlach said today during a webcast for investors.

“There are encouraging signs developing that it’s safer to get back in the waters of fixed income,” Gundlach said.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.