Gundlach 'Wrong' On Treasury Yields

Jun 28 2013 | 12:13pm ET

DoubleLine Capital's Jeffrey Gundlach has apologized to investors after the bond guru failed to foresee the recent bond selloff.

Gundlach earlier this month told webcast viewers that 10-year U.S. Treasury yields would not rise above 2.35%. Earlier this week, they soared to 2.667%, a nearly two-year high.

"I was wrong," Gundlach told The Wall Street Journal. "I am wrong 30% of the time and right 70% of the time, and this was one that was wrong."

Gundlach has also updated his outlook for Treasuries, predicting that yields will continue to rise into next month and could go as high as 2.75%.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...