Gundlach Is Right. Surging U.S. Bond Yields Are Met With Shrugs
- Risk on as stocks and emerging markets rise along with yields
- Real rates now at ‘attractive’ levels, TD Securities says
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The selloff in Treasuries that’s taken the 10-year yield above 3 percent isn’t getting enough attention. And DoubleLine CEO Jeffrey Gundlach has noticed.
He’s right -- at least on the first part. References to "Treasury yields" in news articles are dramatically below where they were in April, when the 10-year yield traded above 3 percent for the first time since 2014.