"New Bond King" Gundlach: U.S. Treasuries are no longer a safe-haven asset, "the reckoning moment is approaching"

According to BlockBeats, on June 12, “New Bond King” Gundlach stated on Wednesday that the U.S. debt burden and interest payments have become “unsustainable,” which means that long-term U.S. Treasuries are no longer considered a truly risk-free investment. He compared the current market environment to the situation before the bursting of the internet bubble in 1999 and before the global financial crisis in 2006 to 2007. He suggested that investors should consider increasing their allocation to non-U.S. dollar assets and revealed that the company he manages is starting to include foreign currencies in its funds. (Wall Street Insight)