Updated Mar 10, 2021 | 13:18 IST
DoubleLine Funds chief Jeffrey Gundlach warns to stay prepared for a significant increase in headline inflation, sees inflation over 3% for a couple of months this summer. (Representative Pic) | Photo Credit: iStock Images
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Jeffrey Gundlach: Gold likely to bounce back in the longer term
DoubleLine Funds chief Jeffrey Gundlach warns to stay prepared for a significant increase in headline inflation, sees inflation over 3% for a couple of months this summer. Gundlach sees inflation over 3% for a couple of months this summer and said, “In my opinion, not only is the Fed unconcerned by increased inflation, they ll welcome it.”
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NEW YORK (Reuters) - Investors concerned about demand for U.S. Treasury debt will be watching Wednesday’s 10-year auction for clues to where yields in the recently volatile market may be headed.
FILE PHOTO: A vehicle drives past the U.S. Treasury Department in Washington, D.C., U.S. December 13, 2020. Picture taken with a long exposure. REUTERS/Raphael Satter
The U.S. Treasury Department has increased debt issuance dramatically in the last year to fund coronavirus stimulus endeavors. Roughly $3.6 trillion of new government paper was issued in 2020 versus $2.9 trillion the year prior, according to SIFMA. With President Joe Biden’s $1.9 trillion fiscal package on the docket, issuance in 2021 is slated to rise to $4 trillion this year, according to ING.
The US and Chinese economies are set to surge this year as the eurozone languishes
10 March 2021 • 11:00am
This article is an extract from The Telegraph’s Economic Intelligence newsletter. Sign up here to get exclusive insight from two of the UK’s leading economic commentators – Ambrose Evans-Pritchard and Jeremy Warner – delivered direct to your inbox every Tuesday.
“Go big”, Janet Yellen, the US Treasury Secretary, urged other G20 finance ministers in a recent email. That’s what the US is doing, no question. Biden’s promised $1.9 trillion “American Rescue Plan” will pass into law today in virtually untouched form. Admittedly, the increase in the federal minimum wage to $15 an hour has gone, but pretty much everything else survived intact, including means-tested $1,400 cash payouts to citizens.