Bond King,Jeffrey Gundlach, Believes a Bottom Has Been Reached With Treasury Yields, CNBC Reports

  • Gundlach wrote on Twitter that the recent swing in Treasury prices may have as much to do with crowd mentality as anything else.
  • “Long maturity US Treasury price action today was consistent with a blowoff momentum top,” the founder of DoubleLine Capital wrote.
  • The 10-year Treasury note yield was down about 25 basis points in May. Read the rest of the article
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