Jeffrey Gundlach: Negative Rates Governed By Central Banks

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Jeffrey Gundlach’s DoubleLine Total Return Bond Fund webcast slides titled, “Turning Point.”

Jeffrey Gundlach: Negative Rates Governed By Central Banks

January 1, 2012 to March 31, 2016

Jeffrey Gundlach Negative Rates

Source: FactSet, Oxford Economic, GDP share measured in nominal U.S. Dollars

As of March 31, 2016

GDP = Gross Domestic Product is the amount of goods and services produced within a given country/territory.

Global Government Bonds With Negative Yields

Over 14.6 Trillion

Jeffrey Gundlach Negative Rates

Source: Bloomberg, DoubleLine as of September 6, 2016

U.S. GDP (YoY)

December 31, 1999 to June 30, 2016

Jeffrey Gundlach Negative Rates

Source: DoubleLine, Bloomberg

GDP = the amount of goods and service produced within a given country/ territory. Nominal GDP does not adjust for inflation. YoY = year?over?year. You cannot invest directly in an index.

U.S. Nominal GDP (YoY)

January 1, 1946 to August 2, 2016

Jeffrey Gundlach Negative Rates

Source: DoubleLine, Bloomberg through June 30, 2016.

GDP = the amount of goods and service produced within a given country/ territory. Nominal GDP does not adjust for inflation. Yoy = year?over?year. You cannot invest directly in an index.

GDP Forecasts

December 31, 2008 to August 29, 2016

Jeffrey Gundlach Negative Rates

Source: Bloomberg

GDP = Gross Domestic Product is the monetary value for all the finished goods and services produced within a given country. You cannot invest directly in an index.

ISM Manufacturing and Non?Manufacturing

As of February 28, 1998 to September 6, 2016

Jeffrey Gundlach Negative Rates

Source: Bloomberg

NAPMPMI Index = ISM Manufacturing PMI seasonally adjusted prepared by the Institute of Supply Management sampling 300 individuals. PMI survey tracks sentiment among purchasing managers at manufacturing, construction and/or services firms. NAPMNMI = ISM Non?Manufacturing NMI. The non?manufacturing index is a composite index of four indicators with equal weights: business activity, new orders, employment and supplier deliveries. An index read above 50% indicates an expansion. A reading below 50% indicates a decline. You cannot invest directly in an index.

World Growth Forecasts (GDP)

As of June 6, 2016 Projected 2016

Jeffrey Gundlach Negative Rates

Source: Bloomberg

GDP = Gross Domestic Product is the monetary value for all the finished goods and services produced within a given country.

See the full PDF below.

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.

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