DoubleLine’s Gundlach: Treasury curve inversion signal ‘economy poised to weaken’

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Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital, says the U.S. Treasury yield curve inversion on short end maturities are signaling that the “economy is poised to weaken.”

Gundlach, known on Wall Street as the Bond King, said the Treasury yield curve from 2-5 year maturities is suggesting “total bond market disbelief in the Federal Reserve’s prior plans to raise rates through 2019.”

Reporting By Jennifer Ablan, Editing by Franklin Paul

Our Standards:The Thomson Reuters Trust Principles.

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