DoubleLine’s Gundlach Takes Contrarian Stance, Expects U.S. 10Y Yield Under 2.25%

(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety.

“There is a stealth flight to safety going on. German bond yields are leading the way down,” Gundlach said in emailed comments. “Gold is rising. Speculators remain massively short bonds and the market is going to squeeze them out.”

To read the entire article, click here.

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply