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7 months ago
Gundlach: 'Trouble for equity markets' if 10-year yield hits 3 pct
January 10, 2017 / 10:31 PM / 7 months ago

Gundlach: 'Trouble for equity markets' if 10-year yield hits 3 pct

NEW YORK, Jan 10 (Reuters) - There will be "trouble for equity markets" if the yield on the benchmark 10-year Treasury note moves beyond 3 percent, warned Jeffrey Gundlach, chief executive of DoubleLine Capital, on Tuesday.

In his first investor webcast this year, Gundlach said after the huge run-up in U.S. stock markets, investors should look to "peel off" their exposure to equities. (Reporting By Jennifer Ablan; Editing by Chris Reese)

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