TCW Sticks to Bond wager Despite Losses
TCW Group's Bryan Whalen is sticking to a call that most others on Wall Street abandoned after piling up losses. The Federal Reserve's elevated interest rates, he insists, are bound to crack the economy. And when growth stalls, he says, the decision to pile into short-term Treasuries and bet against corporate bonds will finally pay off as the Fed quickens the pace of the rate cuts it began in September. Bloomberg News' Michael Mackenzie speaks with Sonali Basak on "Bloomberg Markets."
Terms and Privacy Policy