Gundlach Doesn’t Think Two-Year Treasury Yields Have Hit Peak
Jeffrey Gundlach
Photographer: Andrew Harrer/Bloomberg
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Treasury two-year yields can go higher even after hitting levels last seen in 2007, according to DoubleLine Capital LP Chief Investment Officer Jeffrey Gundlach.
The bond market is doubling down on the prospect of a US recession after Federal Reserve Chair Jerome Powell warned of a return to large interest rate hikes, prompting the yield on two-year notes to rise to as much as 5.08%.