, Columnist
Gundlach May Be Right. His Timing's Another Matter
It's too soon to say if today is the day the bond market dies.
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Hold your horses, Jeff.
Dire warnings from bond market legends Jeff Gundlach and Bill Gross that the decades-long march down in bond yields is over has prompted something of a global sell-off. The U.S. Treasury 10-year note yield broke through 2.5 percent, and much hand-wringing ensued.