Jeffrey Gundlach Joins Bloomberg’s “Odd Lots”

DoubleLine CEO-CIO Jeffrey Gundlach joins “Odd Lots” hosts Tracy Alloway and Joe Weisenthal to dissect the biggest shifts in global markets over the past decade. Mr. Gundlach explains why the secular decline in long-term interest rates is over, why U.S. Treasury financing is becoming increasingly precarious and how persistent deficits could push the U.S. toward drastic measures like yield curve control or even debt restructuring. He also highlights the unusual dynamic of rising long-term yields despite aggressive Federal Reserve rate cuts and what that signals about inflation, fiscal sustainability and investor behavior.

The conversation dives deep into credit markets, including Mr. Gundlach’s warning that private credit could be the next major financial crisis. He details liquidity mismatches, opaque valuations and leverage risks that echo past systemic blowups. Mr. Gundlach also shares his outlook on asset allocation amid high valuations and U.S. dollar weakness, favoring non-U.S. equities, emerging markets debt and real assets like gold while cautioning against long-duration Treasuries.