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Gundlach Says Bond Rally to Continue With 10-Year Yield Falling

  • Benchmark unlikely to top 3% this year, DoubleLine CEO says
  • Core and Flexible Income funds beating majority of their peers
Jeffrey Gundlach.

Jeffrey Gundlach.

Photographer: Scott Eells/Bloomberg

A bond rally is likely to continue with yields on 10-year Treasuries poised to head down in the short term, according to Jeffrey Gundlach, chief executive officer of DoubleLine Capital.

“I expect a rally on the 10-year and the 30-year, to below 2-1/4 at a minimum on the 10-year, maybe a little bit lower than 2 and then it moves back up,” Gundlach, whose Los Angeles-based firm oversaw $105 billion as of March 31, said during a webcast Tuesday. “I don’t think we’re going to see 3 on the 10-year this year.”