Live from Sohn: Jeffrey Gundlach Sees Tough Times for High Yield When Fed Starts Hiking

DoubleLine’s Jeffrey Gundlach likened high-yield investors to a summer insect who had never experinced winter. That’s how Gundlach views folks who believe that high-yield bonds will hold up just fine when the Fed starts raising rates. He notes that high-yield spreads have widened during every tightening cycle since the 1980s. If we’ve seen the low [...]