Markets have already priced the most visible consequences of a disruption in the Strait of Hormuz. Oil prices have surged, gasoline prices are moving higher, and inflation concerns have re-emerged. The initial market reaction has been the most visible but least revealing.
The sovereign debt of developed market (DM) countries for decades was largely presumed to float free of governance and societal risk factors endemic to the sovereign issues of emerging markets (EM) countries. Global Bond Portfolio Manager Bill Campbell says this luxury is no longer the case.
DoubleLine Global Bond Portfolio Manager Bill Campbell shares DoubleLine’s outlook for risk markets, the U.S. Treasury curve, inflation, growth and Federal Reserve policy in light of Washington’s reciprocal tariffs and reactions of U.S. trade partners.
2025 has been marked by U.S. tariff news, geopolitical tensions and market volatility. Recent comments by Treasury Secretary Scott Bessent and President Donald Trump seem to confirm that the “Trump put” of his first presidential term is no longer in place.
The end of the Federal Reserve’s rate-hiking campaign and increased transaction activity will make 2024 a year of improved transparency and credit access for commercial real estate in the U.S., according to a new research paper by Morris Chen, Director of DoubleLine Capital’s Commercial Mortgage-Backed Securities and Commercial Real Estate Debt team, and Product Specialist Phil Gioia.
Conventional thinking holds that higher interest rates mean lower home prices – or the corollary, lower rates mean higher prices. This naïve formulation, DoubleLine Portfolio Manager Ken Shinoda argues, overlooks the interplay of home prices and mortgage costs with housing supply and demand dynamics.
During the macroeconomic segment of its 2024 edition, participants in DoubleLine Round Table Prime among other issues debate the seeming failure of the most telegraphed recession in history to materialize in 2023, the intersection of Federal Reserve policy with a presidential election year and deep changes in the economy post-2020.
