Investor’s ability to trade U.S. government debt has deteriorated to its lowest point since the ructions of March 2020, deepening worries about the world’s most important bond market as the Federal Reserve tightens the monetary policy. Liquidity, or the ease of buying and selling, in U.S government securities has dropped since the beginning of this year, reaching levels not seen since the first months of the coronavirus crisis, according to an index compiled by Bloomberg.
Mr. Whiteley joined DoubleLine in 2009. He is a Portfolio Manager on the U.S. Government Securities team, responsible for managing and trading U.S. Government securities, municipal bonds and interest rate derivatives. Prior to DoubleLine, Mr. Whiteley was a Senior Vice President and Portfolio Manager at TCW. He joined TCW when they acquired Continental Asset Management (CAM) in 1995, where he had been employed since 1990. At CAM, Mr. Whiteley served as Vice President and Portfolio Manager, Taxable Fixed Income Investments, initially specializing in mortgage-backed securities and later in government securities. Previous to that, he was a Fixed Income Portfolio Analyst with Salomon Brothers, Inc. Mr. Whiteley holds a B.A. in Economics from the University of Washington and an MBA in Finance from Columbia University.