John Brynjolfsson of Armored Wolf speaks to Bloomber TV

JOHN BRYNJOLFSSON OF ARMORED WOLF SPEAKS TO BLOOMBER TV

JUNE 08, 2009

SPEAKERS: JOHN BRYNJOLFFSON, MANAGING DIRECTOR, ARMORED WOLF

MARK CRUMPTON, BLOOMBERG NEWS

(This is not a legal transcript. Bloomberg LP cannot guarantee its accuracy.)

MARK CRUMPTON, BLOOMBERG

NEWS: For more on what we're seeing in Treasuries, let's turn to John Brynjolfsson, he's managing director and chief investment officer Armored Wolf. Before starting his own hedge fund Mr. Brynjolfsson was with PIMCO for nearly two decades where he ran the world's biggest TIPS fund with 80 billion in assets. He joins us now from Irvine, California. Mr. Brynjolfsson, welcome to Bloomberg News.

JOHN BRYNJOLFFSON, MANAGING DIRECTOR, ARMORED WOLF: Good to see you.

CRUMPTON: You just heard the report by our markets editor Andy Cinko. A lot of volatility in Treasures, what's going on?

BRYNJOLFFSON: Well certainly there's a tug-of-war between the inflationary forces and the deflationary forces, the quantitative easing which has lowered the front end of the yield curve and the huge budget deficits, which investors quite rightly are concerned about.