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Jeffrey Gundlach, Wall Street’s bond king and Founder and Chief Executive Officer of DoubleLine Capital, tweeted out early Thursday.

Gundlach tweeted: Long term Treasury yields are rising, understandably, due to a $4 Trillion growth of the National Debt coming in just the next few months. The Fed has manipulated “Investment Grade” corporate bond yields to below 3%. They will certainly want a lower ceiling for Treasury yields.”

“These Trillions Treasury is borrowing is heavily in T-Bills. Chair Powell has stated in plain English he is opposed to negative interest rates. Yet the pressure to go negative on Fed Funds will build as short-term borrowing explodes and dominates. Please, no. Rates < 0 = Fatal.”

Meanwhile, the US dollar index trades at weekly highs near 100.20 amid global economic uncertainty and simmering US-China tensions.