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Bond King Gundlach predicts yields are headed much higher before this move ends
Jeffrey Gundlach wouldn't be surprised to see Treasury yields leap to new multiyear highs before the bond market calms down. "If you look at the charts and you look at the way the market's behaving and you think about the trends that are underneath the bond market, it wouldn't be surprising at all to see the 30-year [yield] go to 4 percent before this move of the breakout above 3.25 percent is over," he said on "Halftime Report" Thursday. "The curve should probably steepen so maybe the 10-year Treasury makes it to 3.5 percent or 3.6 percent during that move," he added. As of the latest reading, the 10-year Treasury ... (full story)