Jeffrey Sherman on the Treasury Rally, Fiscal Fears and Fading Foreign Demand | Bloomberg

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DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg TV’s Real Yield as U.S. Treasuries catch a flight-to-quality bid. Mr. Sherman sees an oversold market bouncing but no real change in fundamentals, and DoubleLine stays significantly underweight, if not outright short, the back end of the Treasury curve. The Federal Reserve stance should be tighter than it is, he says, and the Treasury Department’s buyback program has been underwhelming. His advice for the Treasury secretary? “The markets are humbling to all of us.” On the midterms, Mr. Sherman thinks gridlock is good for the deficit, and the risk is a rush to jam policy through reconciliation. He also shares why he thinks foreign demand for Treasuries is fading.

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DoubleLine Capital LP

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DoubleLine has been managing money for insurers since its inception in 2009. The firm's focus on securitized fixed income and risk management positions it well to manage money for insurers. The firm offers an array of fixed income strategies including dedicated ABS, private ABF, CLOs, infrastructure debt, non-QM, commercial and residential loans, multi-sector fixed income and EM. We understand that the needs of each insurer can vary, and our insurance team is focused on providing our clients with unparalleled access to the investment team and creating custom solutions to meet their distinctive objectives. DoubleLine wants to be your fixed income partner.
 

Paul Schroeder, CFA   
Relationship Manager- Insurance  
paul.schroeder@doubleline.com
Direct: 213-372-3123
Main: 813-791-7333
 

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