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Gundlach: Corporate Bonds Are Broken

Friday, 26 Aug 2011 | 1:27 PM ET
Jeffrey Gundlach
CNBC
Jeffrey Gundlach

Jeffrey Gundlach recently told Bloomberg that credit seems to be drying up for corporations.

“Something funny is going on in the world of corporate bonds now—something looks broken,” he said. “It seems there’s less willingness all of a sudden to be lending money to corporations, maybe because the absolute yields are so low. You’re starting to see that saturation point.”

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