FYI: For investors looking for an inflection point in the bond market, this is it.
Jeff Gundlach, chief executive of Doubleline Capital, on Thursday projected that U.S. Treasury yields are likely to rise further and investors should adjust accordingly.
The so-called bond king said in an interview with CNN that the 10-year yield TMUBMUSD10Y, +0.54% could rise to 3.5% and the 30-year TMUBMUSD30Y, +0.55% could climb to 4%, which are likely to hurt companies sensitive to higher rates, such as auto makers.
Regards,
Ted
https://www.marketwatch.com/story/bond-king-jeff-gundlach-says-treasury-market-is-witnessing-a-game-changer-2018-10-04/print
