Jeff Gundlach Warns of Looming Recession as Bond Yields Soar

Jeff Gundlach Warns of Looming Recession as Bond Yields Soar

Business

Renowned investor Jeff Gundlach warns of an approaching recession as bond yields soar. The narrowing spread between 2-year and 10-year US Treasury yields indicates a severe economic downturn. Gundlach highlights the de-inversion of the US Treasury yield curve as a cause for concern, urging people to be on high alert for a recession. Other experts, including David Lebovitz from JPMorgan Asset Management, share these concerns and predict potential risks in the bond market sell-off.

Evergrande Shares Surge After Trading Resumes Following Chairman’s Surveillance

Evergrande Shares Surge After Trading Resumes Following Chairman’s Surveillance

Business

Shares of Chinese real-estate developer Evergrande surged by 42% within 15 minutes of trading resuming on Tuesday. The stock had been suspended due to reports of the company’s founder and chairman, Hui Ka Yan, being placed under police scrutiny. This development compounds the already volatile nature of Evergrande’s shares, as the company has been struggling with over $300 billion in liabilities and filing for bankruptcy protection in the US.