Buyers’ Strike Rocks US Long Bond as DoubleLine, Pimco Stay Away

Buyers’ Strike Rocks US Long Bond as DoubleLine, Pimco Stay Away

For DoubleLine Capital, there are two approaches to consider when it comes to 30-year US Treasuries: either avoid them, to the degree they can, or outright short them.

Tariff Reversals, Bond Rout & Crypto’s Calm

Investors are dumping the 30-year US Treasury — the world’s most iconic “risk-free” asset — as ballooning deficits and mounting debt erode confidence in Washington’s long-term fiscal credibility. The shift is stark: funds like DoubleLine, Pimco, and TCW are now stacking short-term bonds, chasing yield without locking into long-duration risk.This flight from the long end has proven prescient in 2024. Globally, long-maturity demand has crumbled as…