Late Tuesday, the 10-year yield stood at almost 2.38 p.c.
In his first investor webcast this 12 months, Gundlach mentioned after the current enormous run-up in U.S. inventory markets, traders ought to look to “peel off” their publicity to equities. Gundlach, identified on Wall Avenue because the ‘Bond King’, mentioned he expects markets to reverse their post-election moves.
About rate of interest hikes by the Federal Reserve this 12 months, Gundlach mentioned: “All issues being equal, the Fed will hike in June.” He expects two hikes this 12 months with three potential.
Supply : http://www.cnbc.com/2017/01/10/jeffrey-gundlach-says-he-expects-markets-to-reverse-post-election-moves.html