Economics
In Gundlach’s ‘No Normal’ World, Treasuries Can’t Lose
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Blame the harsh winter for stifling economic growth or tensions in Ukraine for sparking demand for havens.
Jeffrey Gundlach, the star fixed-income manager whose mutual fund beat 97 percent of its rivals the past three years, has a simpler explanation for why investors have gotten the bond market so wrong this year: the aging of America.