Gundlach Ready to Sell Treasuries as 10-Year Yield Nears 3%
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DoubleLine Capital LP’s Jeffrey Gundlach said a decline in 10-year U.S. Treasury yields to around 3 percent presents a selling opportunity with swings in bond prices likely to increase as economic growth accelerates.
U.S. debt volatility has waned since the 10-year note yield surged 1.23 percentage points to a seven-month high of 3.56 percent on Dec. 16 from the 2010 low of 2.33 percent. The yield has been in a 0.24 percentage point range since then, about a third the size of the prior month’s range.