Jeffrey Gundlach: The Byrds – Global Economy, Fed Policy & Inflation – ValueWalk Premium
Jeffrey Gundlach The Byrds

Jeffrey Gundlach: The Byrds – Global Economy, Fed Policy & Inflation

Jeffrey Gundlach DoubleLine Total Return Bond Fund webcast slides for the month of March 2017, titled, “The Byrds.”

Jeffrey Gundlach – TAB I: Global Economy

The Most Synchronized Economic Upturn in Years

December 31, 2009 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: Citigroup, Bloomberg

The Surprise Indices are objective and quantitative measures of economic news. They are defined as weighted average historical standard deviations of data surprises for countries indicated. Major Economies refers to developed markets. You cannot invest directly in an index.

What Does the U.S. Import From the Rest of the World?

Jeffrey Gundlach The Byrds

You cannot invest directly in an index.

U.S. and Europe 10 year Nominal Rates

March 2, 2015 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: Bloomberg, DoubleLine

Global Breakevens

February 29, 2012 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: DoubleLine, Bloomberg

Breakevens = Are the breakeven for the years indicated. They are calculated by subtracting the real yield of the inflation linked maturity curve form the yield of the closest nominal Treasury maturity. You cannot invest directly in an index.

German CPI and German 10Y Yields

February 28, 2000 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: DoubleLine, Bloomberg

CPI = Consumer Price Index indicates prices of a weighted average basket of goods and services, such as transportation, food and medical care within a given country. You cannot invest directly in an index.

Germany PriceStats CPI YoY

January 1, 2010 – March 3, 2017

Jeffrey Gundlach The Byrds

Source: StateStreet

CPI = Consumer Price Index is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. YoY = year?over?year. You cannot invest directly in an index.

Citigroup Global Inflation Surprise Index

December 31, 1999 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: Citigroup, Bloomberg

CSIIGL Index = The Citigroup Surprise Index, Global measures price surprises relative to market expectations. A positive reading means that inflation has been higher than expected and a negative reading means that inflation has been lower than expected. You cannot invest directly in an index.

French vs. German Unemployment % Since EURO Introduction

March 31, 2000 to December 31, 2016

Jeffrey Gundlach The Byrds

Source: Bloomberg, DoubleLine

EUR = Euro is the currency of the Eurozone. You cannot invest directly in an index.

50 Year French Bond Price

March 1, 2016 to March 7, 2017

Jeffrey Gundlach The Byrds

Source: DoubleLine, Bloomberg

See the full slides below.

Comment (1)

  • Vicky Watson

    There is really so much ahead, it is impossible to say which is going to be the most important one to watch, but we need to be very sharp with all this. I never worry about these things thanks to OctaFX and their wide range of features and facilities which counts for low spreads at 0.1 pips to high leverage up to 1.500 while there are over 70 instruments to pick from and much more, it’s all pretty amazing to work with for me.

    March 8, 2017 at 4:49 pm

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