Gundlach's Alarm: 10-Year Treasury Yields Break Key Level
TL;DR
Billionaire bond investor Jeffrey Gundlach's "fire alarm" is going off as the 10-year Treasury yield drops below 4% following the Federal Reserve's signal of potential rate cuts in 2024. Gundlach predicts a recession next year and expects the 10-year rate to fall into the "low threes" in 2024. He advises investors to switch from short-dated T-bills to long-duration Treasurys once a recession hits, as he believes money market funds are unlikely to flow into the stock market but rather into bonds.
Topics:businessfinance#bond-market#finance#interest-rates#jeffrey-gundlach#recession#treasury-yields
- Jeffrey Gundlach's 'Fire Alarm' Goes Off As Yields Break a Key Level Markets Insider
- Gundlach's and Gross' forecasts for 10-year Treasury in 2024 Yahoo Finance
- Bond king sees further slide in 10-year as Goldman sees three straight Fed cuts MarketWatch
- DoubleLine’s Jeffrey Gundlach says 10-year Treasury yield will fall to 3% next year CNBC
- Gundlach: Deficits, Recessions, Unemployment and the Impending Crisis Advisor Perspectives
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