Jeff Gundlach: “The Situation has Changed”

By on October 5, 2018

Jeffrey Gundlach - DoublelineJeffrey Gundlach, chief executive officer of Doubleline Capital, told Reuters on Thursday, “The last man standing was the 30-year, and it has definitively broken above a multiyear base that should over time carry us to significantly higher yields.” Gundlach was referring to the yield on the benchmark 30-year U. S. Treasury note which closed at 3.35 percent.

Additionally, Gundlach noted international equities are already down significantly from the Jan. 26, 2018 synchronized high, “which will go down in history as the peak for the global stock market for this cycle.”

Source: CNBC

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