Jeffrey Gundlach’s DoubleLine Total Return Bond Fund webcast slides on the probability of another hike by March and June 2016.
Jeffrey Gundlach: Fed’s Plot
Market Implied Central Bank Expectations
Probability Of Another Hike By March And June 2016
Wu-Xia Shadow Federal Funds Rate
December 1 ,2002 to February 29, 2016
Source: Bloomberg
Wu-Xia is a model used by the Federal Reserve to models short-term interest rates is the maximum of the shadow federal funds rate and a lower bound calibrated to be 25 basis points on both
required and excess reserve balances during the December 16, 2008 to December 15, 2015, period when the Federal Open Market Committee (FOMC) set the target range for the federal funds rate
at 0 to 24 basis points. Basis point = one hundredth of one percent. You cannot invest directly in an index.
As of February 29, 2016
Source: Bloomberg, DoubleLine
Wu-Xia is a model used by the Federal Reserve to models short-term interest rates is the maximum of the shadow federal funds rate and a lower bound calibrated to be 25 basis points on both
required and excess reserve balances during the December 16, 2008 to December 15, 2015, period when the Federal Open Market Committee (FOMC) set the target range for the federal funds rate
at 0 to 24 basis points. Basis point = one hundredth of one percent. PCT = percent. You cannot invest directly in an index.
See full PDF below.
