DoubleLine Global Bond Portfolio Manager Bill Campbell discusses the possibly long-term structural decline of the U.S. dollar, shifting dynamics in global capital flows and implications for U.S. Treasury yields. In an interview with Bloomberg’s Romaine Bostick and Alix Steel, recorded June 12, 2025, Mr. Campbell outlines why foreign investors are increasingly hedging U.S. exposure, how central banks’ retreat from bond markets is reshaping term premiums and what this means for global fixed-income strategies. He also shares his top investment ideas, including positioning in the belly of interest rates, increasing international exposure and maintaining a focus on high-quality credit.
Mr. Campbell joined DoubleLine in 2013. He is a Portfolio Manager for the DoubleLine Global Bond Strategy and is a permanent member of the Fixed Income Asset Allocation Committee. He covers Developed Markets, Central & Eastern Europe, Middle East and Africa (CEEMEA), and China. Prior to DoubleLine, Mr. Campbell worked for Peridiem Global Investors as a Global Fixed Income Research Analyst and Portfolio Manager. Previous to that, he was with Nuveen Investment Management Company, first as a Quantitative Analyst in their Risk Management and Portfolio Construction Group, then as a Vice President in their Taxable Fixed Income Group. Mr. Campbell also worked at John Hancock Financial as an Investment Analyst. He holds a BS in Business Economics and International Business, as well as a BA in English, from Pennsylvania State University. Mr. Campbell holds an MA in Mathematics, with a focus on Mathematical Finance, from Boston University.
