DoubleLine’s Gundlach Says Yellen Indicate Tapering Wait

Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP, said comments by the Federal Reserve’s Janet Yellen and a lack of inflation indicate Fed tapering may be further away than investors expect.

Gundlach, speaking today in an investor webcast, said it’s not a good idea to hold high-yield debt, while emerging market bonds appear to be headed for a better year.

(Corrects byline.)
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