U.S. 10 Yr Bond at 3.25%. Jeff Gundlach sees 10-Year reaching 3.5% and 30-Year 4%. Important to watch if 10 Yr closes at or above 3.25% today

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Gundlach predicts 10-year yield to hit 3.5%, 30-year at 4%

For investors looking for an inflection point in the bond market, this is it.

Jeff Gundlach, chief executive of Doubleline Capital, on Thursday projected that U.S. Treasury yields are likely to rise further and investors should adjust accordingly.

The so-called bond king said in an interview with CNN that the 10-year yieldTMUBMUSD10Y, -0.73% could rise to 3.5% and the 30-yearTMUBMUSD30Y, -0.80%  could climb to 4%, which are likely to hurt companies sensitive to higher rates, such as auto makers.

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In a tweet last month, Gundlach had forecast that the 30-year Treasury yield closing above 3.25% two days in a row will signify a “game changer,” a view he reiterated Thursday.


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