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

ChainCatcher news, according to a report by Wall Street Watch, "new bond king" Gundlach stated on Wednesday that the U.S. debt burden and interest expenses have become unsustainable, which means that long-term U.S. Treasuries are no longer considered truly risk-free investments. 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-dollar assets and revealed that his managed company is beginning to incorporate foreign currencies into its funds.