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Treasury and Bond yield pundits you like

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Cullen,
What do you make of Hassentab’s performance global bond fund the last while? This is not Hussman like but people generally like more stability in credit.
https://www.bloomberg.com/news/articles/2017-04-25/hasenstab-says-treasuries-are-bubble-set-to-burst-as-yields-rise

I believe I asked you in the past, but who is on your list of credit/bond managers to read

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Posted on 05/03/2017 7:03 PM
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Good question. Hasenstab and Gundlach are the generic answers. Although I think Gundlach’s commentary is so all over the place that it’s lost some value. Same thing with Gross whose commentary has become downright bizarre at times.

I don’t miss much from Daniel Ivascyn and Ken Leech. I was also college roommates with Michael Zezas who runs the muni dept at Morgan Stanley. Super smart guy and great analyst. Was on Masters In Business this week with Ritholtz. We tend to agree on a lot of our views so maybe I am biased there.

But those would be my personal top 3.

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Cullen Roche Posted by Cullen Roche
Answered on 05/08/2017 2:07 PM
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    I agree that Gross has put out some bizarre commentary in recent years. I know the guy is very successful, but I have wondered a few times if he was also quite lucky in that he has managed bond portfolios over the course of a long term trend of decreasing interest rates. As Cullen has mentioned more than once, the next 25 years will be quite different for bond fund managers than the last 25 years.

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    Posted by Steve W
    Answered on 05/08/2017 3:34 PM
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      Oh yeah, Dan Fuss also. He’s great.

      But yeah, there are no bond kings in this market. The best bond investors will be lucky to earn 4-5% in the next 15 years. On a risk adjusted basis they’ll do even worse. But the biggest risk of all might be getting out of bonds because you’ll bleed purchasing power or overexpose yourself to stocks….

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      Cullen Roche Posted by Cullen Roche
      Answered on 05/08/2017 4:38 PM
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