Jeffrey Gundlach DoubleLine Total Return Bond Fund webcast slides for the month of March 2017, titled, “The Byrds.”
Jeffrey Gundlach – TAB I: Global Economy
The Most Synchronized Economic Upturn in Years
December 31, 2009 to March 7, 2017
Source: Citigroup, Bloomberg
The Surprise Indices are objective and quantitative measures of economic news. They are defined as weighted average historical standard deviations of data surprises for countries indicated. Major Economies refers to developed markets. You cannot invest directly in an index.
What Does the U.S. Import From the Rest of the World?
You cannot invest directly in an index.
U.S. and Europe 10 year Nominal Rates
March 2, 2015 to March 7, 2017
Source: Bloomberg, DoubleLine
Global Breakevens
February 29, 2012 to March 7, 2017
Source: DoubleLine, Bloomberg
Breakevens = Are the breakeven for the years indicated. They are calculated by subtracting the real yield of the inflation linked maturity curve form the yield of the closest nominal Treasury maturity. You cannot invest directly in an index.
German CPI and German 10Y Yields
February 28, 2000 to March 7, 2017
Source: DoubleLine, Bloomberg
CPI = Consumer Price Index indicates prices of a weighted average basket of goods and services, such as transportation, food and medical care within a given country. You cannot invest directly in an index.
Germany PriceStats CPI YoY
January 1, 2010 – March 3, 2017
Source: StateStreet
CPI = Consumer Price Index is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. YoY = year?over?year. You cannot invest directly in an index.
Citigroup Global Inflation Surprise Index
December 31, 1999 to March 7, 2017
Source: Citigroup, Bloomberg
CSIIGL Index = The Citigroup Surprise Index, Global measures price surprises relative to market expectations. A positive reading means that inflation has been higher than expected and a negative reading means that inflation has been lower than expected. You cannot invest directly in an index.
French vs. German Unemployment % Since EURO Introduction
March 31, 2000 to December 31, 2016
Source: Bloomberg, DoubleLine
EUR = Euro is the currency of the Eurozone. You cannot invest directly in an index.
50 Year French Bond Price
March 1, 2016 to March 7, 2017
Source: DoubleLine, Bloomberg
See the full slides below.