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8 months ago
Gundlach: A 10-year Treasury yield above 3 percent will harm stocks, housing
December 13, 2016 / 8:54 PM / 8 months ago

Gundlach: A 10-year Treasury yield above 3 percent will harm stocks, housing

NEW YORK, Dec 13 (Reuters) - A 10-year Treasury note yield above 3 percent will harm the stock-market rally and housing market, said Jeffrey Gundlach, chief executive of DoubleLine Capital, on Tuesday.

"If the 10-year goes above 3 percent, you would also have to say unequivocally you have seen the end of the bond bull market," Gundlach added.

Reporting By Jennifer Ablan; editing by Diane Craft

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