Markets

Billionaire ‘bond king’ Jeff Gundlach warns the US government’s borrowing binge could lead to ‘fatal’ negative interest rates

Billionaire “bond king” Jeff Gundlach sounded the alarm on the US government’s aggressive borrowing in a Wednesday tweet, warning it could lead to negative interest rates with devastating results. “The pressure to go negative on Fed Funds will build as short term borrowing explodes and dominates,” Gundlach said. “Please, no. […]
Billionaire ‘bond king’ Jeff Gundlach warns the US government’s borrowing binge could lead to ‘fatal’ negative interest rates
Markets

The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts

The Federal Reserve’s balance sheet surpassed $US5 trillion for the first time as the coronavirus threat drove major liquidity operations. The central bank added $US586 billion worth of assets in the week ended March 25, according to a Thursday release, bringing its total holdings to $US5.3 trillion. Treasury and mortgage-backed […]
The Fed’s balance sheet exceeds $5 trillion for the first time in history amid the bank’s wave of coronavirus relief efforts