Article: Gundlach Issues Warning to Corporate Bond Investors
Jeffrey Gundlach, founder and chief investment officer of DoubleLine Capital, issued a warning to investors: corporate bond offer a poor prospect, under any scenario. If rates rise, prices will quickly drop because average their duration is between 7 and 10 years. If rates fall, that would likely be accompanied by a bear market in stocks with effects that would extend into corporate bonds.
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