Skip to content

Subscriber Only

Economics

Gundlach Says Fed May Expand Balance Sheet After Repo Moves

Surge in overnight rates a ‘warning sign’ to U.S. central bank
Fed shouldn’t cut interest rates but will, fund manager says

Bloomberg business news — N.Y. Fed Takes $75 Billion of Securities, Treasuries in Repo Op

By

John Gittelsohn and

Katherine Greifeld

September 17, 2019, 10:08 PM UTCUpdated onSeptember 18, 2019, 5:38 PM UTC

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

The spike in overnight repurchase agreements may prompt the Federal Reserve to expand its balance sheet, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital.