High yield investors are asking 5.6x the extra yield on the weakest credits as on the stronger ones, one of the widest gaps in 30 years. So far, the weakness is concentrated in a small group of troubled borrowers rather than spreading broadly across the market. linkedin.com/pulse/stress-bo…

112 basis points. That's how far the 10-year yield has risen through September 2026, nearly matching the 110bp surge that peaked on Oct. 19, 2023, and marking seven consecutive months of higher yields, tying a 50-year streak. linkedin.com/pulse/another-o…

DoubleLine's valuation and equal-weight equity strategies complement investors’ exposure to the S&P 500, which owes nearly 40% of its market cap to the information technology sector and more than 40% to just 10 stocks. doubleline.com/markets-insig…

Diesel and 30-year mortgages rarely share a narrative, but both are now approaching a 7 handle because the forces driving them higher increasingly trace back to the same war. linkedin.com/pulse/uncomfort…

Oil prices are up 66% this year, but the Canadian dollar has barely budged. Canada’s deepening trade fight with the U.S. has weakened the old link between rising oil prices and a stronger loonie. linkedin.com/pulse/oil-surgi…

In 2020 the Fed absorbed $1.8T in Treasury duration in five months, anchoring rates as deficits ballooned. That backstop is gone. Now a $700B capex cycle is competing for the same capital, which maybe why 10-year sits near 5%. linkedin.com/pulse/when-wash…

DoubleLine’s corporate credit chief seeks spread-widening junctures in hyperscalers with better-than-IG index fundamentals. doubleline.com/markets-insig…

DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg to discuss why the front end still has the edge,  whether Treasury's buyback plan can actually move yields and where he's finding selective value in hyperscaler debt. youtube.com/watch?v=saXd9tGS…

Almost all federal revenue is already spoken for. Net interest and major entitlements now absorb 98.4% of federal receipts, leaving little room for everything else Washington funds. linkedin.com/pulse/almost-al…

A 5% 30-year U.S. yield might not look extreme historically, but net interest expense to GDP is now 18.5% of federal revenue, above its prior 1991 high. That makes the fiscal sensitivity to the long end much greater than the yield level alone suggests. linkedin.com/pulse/federal-i…

The jobs report used to be a clear signal, but the rules might have changed. With more immigrants exiting the workforce and more older Americans retiring, the economy needs almost no new jobs each month to keep unemployment from rising, which means weak hiring numbers aren't the red flag they once were. linkedin.com/pulse/us-foreig…

The risk flagged by DoubleLine of rising long-bond yields to G-7 sovereigns and their creditors appears to be materializing as investors logically demand more term premium in recognition of these debt issuers' stretched fiscal conditions. ➡️doubleline.com/wp-content/up…

DoubleLine Deputy CIO Jeffrey Sherman joins Bloomberg's @scarletfu & @isabelletanlee to discuss the latest leg of the bond selloff, why he's not calling it bond vigilantism yet and why inflation remains the biggest driver of where yields go from here.

DoubleLine Portfolio Manager Eric Dhall and Analyst Mark Kimbrough survey a bond market that raised yields across the Treasury yield curve despite Treasury Secretary Scott Besssent’s bond-buying to contain rising yields at the long end of the curve. podcasts.apple.com/us/podcas…

Hyperscaler capex is expected to slow to 28% in 2027 and 7% in 2028, a deceleration that coincides with combined capex crossing above operating cash flow and making the next stage of the buildout sensitive to funding costs and market access. linkedin.com/pulse/ai-capex-…

Software equities have retraced more than half their drawdown while loan prices stay below 90 cents, a divergence that may reflect less a market disagreement than growing discernment about which companies can convert AI from a threat into an advantage. linkedin.com/pulse/ai-dividi…

DoubleLine's Bill Campbell, head of global sovereign and emerging markets, joins @RomaineBostick & @isabelletanlee to discuss inflation, the Fed's silence heading into Jackson Hole and why Japan's yen intervention only treats the symptom, not the disease.

U.S. 30-year government bonds now pay nearly 3% above inflation, the highest since the 2008 crisis. That raises the bar for every investment competing for your money, from stocks to property, because safer returns just got a lot more attractive. linkedin.com/pulse/parallel-…

The emerging markets index beat global stocks by 9 points last year, but nearly all of that edge came from South Korea alone, where two chipmakers surged on AI demand. Take Korea out and emerging markets barely kept pace with the rest of the world. linkedin.com/pulse/south-kor…