Gundlach warns long-dated yields could rise if Fed holds
Influential bond investor Jeffrey Gundlach said a Federal Reserve decision to hold interest rates steady—if it defies market expectations—could trigger a fresh rise in long-term Treasury yields.
By Gertrude Chavez-Dreyfuss, influential bond investor Jeffrey Gundlach said on Tuesday that if the Federal Reserve keeps interest rates steady at next week's policy meeting, against market expectations, it could spark a new rise in long-term Treasury yields and worsen the bond market's historic selloff.