DoubleLine Capital CEO Gundlach is expecting higher rates ahead, cites pro-cyclical policy ...Middle East

DoubleLine Capital CEO Jeffrey Gundlach spoke with CNBC (may be gated).His comments are straightforward macroeconomics:if the Republicans ends up controlling the House ... the higher government spending that would result would require more borrowing through Treasury issuance, putting upward pressure on bond yields“If the House goes to Republicans, there’s going to be a lot of debt, there’s going to be higher interest rates at the long end, and it’ll be interesting to see how the Fed reacts to that”“Trump says he’s going to cut taxes ... he’s very pro cyclical stimulus” “So it looks to me that there will be some pressure on interest rates, and particularly at the long end. I think that this

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