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DoubleLine Total Return Bond N Message Board

  • jimparkeratlanta jimparkeratlanta Nov 25, 2010 9:28 AM Flag

    I am pleased but.....

    I have been in this account since June and it seems to be doing pretty good. What will happen when interest rates start going up? Stay in for the long haul or pull out when prices drop?

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    • In his last discussion, Gundlach said they were getting out of treasuries. They were buying more non-agency mortgages. He said there wasn't much money to be made in treasuries if interest rates fell any further. With the non-agency stuff he's getting interest and principal kinda like a ginnie mae except he's getting higher interest but no govt guarantee. I saw where pimco started to do the same thing about a month later.
      I suppose the pps could be hurt some if interest rates rise, but there are ways to hedge against that. Anyway, I treat dlntx as my money market fund and I don't see much chance for a significant rise in rates in the next 6 months or more. I recently sold all my tgmnx, but am keeping and reinvesting in dltnx.
      Just my opinion...I'm mostly a stock guy, not a bondie.

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