Doubleline Capital's Gundlach Says We Have Seen Peak For This Cycle In Longer-Term Bond Yields And Probably Fed Funds
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach stated in a CNBC interview that he believes we have seen the peak for this cycle in longer-term bond yields and probably the Federal Reserve's funds rate.
June 12, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gundlach's statement on the peak of bond yields and Fed funds rate could impact the SPDR S&P Bank ETF (KBE) as it is sensitive to interest rate changes.
KBE, being an ETF focused on banks, is sensitive to interest rate changes. Gundlach's statement suggests stability in rates, which could be neutral for KBE in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The SPDR S&P Regional Banking ETF (KRE) might be affected by Gundlach's comments on bond yields and Fed funds rate, given its exposure to regional banks.
KRE, focusing on regional banks, is also sensitive to interest rate changes. Gundlach's statement implies a stable rate environment, which could be neutral for KRE in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Gundlach's view on the peak of bond yields and Fed funds rate could influence the SPDR S&P 500 ETF (SPY), as interest rates impact the broader market.
SPY, representing the S&P 500, is influenced by interest rate changes. Gundlach's statement suggests stability, which could be neutral for SPY in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
The Financial Select Sector SPDR Fund (XLF) could be impacted by Gundlach's comments on bond yields and Fed funds rate, given its focus on the financial sector.
XLF, focusing on the financial sector, is sensitive to interest rate changes. Gundlach's statement implies a stable rate environment, which could be neutral for XLF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50