DoubleLine Portfolio Manager Ken Shinoda joins Bloomberg TV following the FOMC rate decision and Fed Chair Powell's press conference. Shinoda discusses the Fed’s emphasis on “risk management”, highlighting the importance of maintaining a data-dependent stance to balance inflation risks with signs of labor market softness. He examines the implications of the Fed’s move for credit-sensitive assets, the yield curve, and the mortgage-backed securities market. Shinoda also addresses the outlook for housing, the potential path of the long bond, and whether the U.S. economy may need further slowdown to bring longer-term yields lower. With measured analysis, he frames how these policy decisions may shape investor positioning across duration and credit markets in the months ahead.
Mr. Shinoda joined DoubleLine at inception in 2009. He is Chairman of the Structured Products Committee and oversees the non-Agency RMBS team specializing in investing in non-Agency mortgage-backed securities, residential whole loans and other mortgage-related opportunities. Mr. Shinoda is co-Portfolio Manager on the Total Return, Opportunistic Income, Income, Opportunistic MBS and Strategic MBS strategies. He is also lead Portfolio Manager overseeing the Mortgage Opportunities private funds. Mr. Shinoda is also a permanent member of the Fixed Income Asset Allocation Committee, as well as, participating in the Global Asset Allocation Committee. In addition, he hosts DoubleLine’s “Channel 11 News” (Twitter @DLineChannel11, dline11@doubleline.com), a webcast series that provides market insights and commentary with peers and industry experts. Prior to DoubleLine, Mr. Shinoda was Vice President at TCW where he worked in portfolio management and trading. He holds a B.S. in Business Administration from the University of Southern California and is a CFA® charterholder.
