The 10-year at 4.801% on Tuesday offered the highest yield since August 2007, months before the great financial crisis.
Yields on a risk free government bond have soared and bond titan Jeffrey Gundlach says they will move even higher.
The DoubleLine Capital Chief Executive and Chief Investment Officer Gundlach said the U.S. is grappling with rising interest expenses on its debt at the Grant’s investment conference in New York. The average interest rate on federal debt is currently at 3%, according to Gundlach and he anticipates that it will climb to 6% in the near future.That means, “I’m much happier” now as a bond investor than in 2016 when the bond market was in the “dungeons,” he added.
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