Jeffrey Sherman: Oil Price Causing Its Own Rate Hike | CNBC

DoubleLine Deputy CIO Jeffrey Sherman joins CNBC to break down the bond market’s latest moves, noting why the Federal Reserve should look past oil-driven inflation and stay focused on labor market conditions. Mr. Sherman pushes back on calls for aggressive federal funds rate cuts and addresses growing concerns around foreign ownership of U.S. Treasuries hitting 1997 lows. He also discusses the possibility of overseas selling as a geopolitical signal and the ongoing disruption to oil and LNG supply chains by the Middle East conflict. Mr. Sherman closes by sharing DoubleLine positioning, with a focus on the five-to-10-year part of the Treasury curve amid rising uncertainty in commodity markets.