Jeff Gundlach Warns of Looming Recession as Bond Yields Soar
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.