The Fed has indicated that a reduction of asset purchases will depend on economic data, and it's unlikely that those numbers will improve sufficiently by next month to warrant a reduction in the purchases by October, Gundlach said Thursday on a conference call with investors.
For five years, the Fed has focused on home-grown challenges, including financial turmoil and the recession and surge in unemployment that resulted. The biggest threat to U.S. expansion under its next chairman may lie outside its borders as China and fellow emerging markets show signs of weakening.
The world's biggest investors are finding U.S. government bonds becoming safer, not more risky, as the deadline to avoid the first American default approaches
New York state has accused the brokerage giant of falsely describing auction-rate securities as liquid investments without disclosing the risks
Strategists from Bank of America Corp. to Wells Fargo & Co. predict dollar-denominated corporate bonds will outperform stocks this month if political gridlock persists with the government partially shut down this week.
Pacific Investment Management Co.'s Bill Gross said investors should focus on purchasing debt that will benefit from the market's mispricing of when the Federal Reserve will eventually increase borrowing rates.
Loomis Sayles & Co.'s Dan Fuss left rival bond-fund managers including Bill Gross behind in his eighth decade, by using a style generally associated with bargain-hunting stockpickers.
House Republican leaders today are offering a revised plan to delay Obamacare that probably will lead to a government shutdown Oct. 1.
