February 23, 2018 / 5:53 PM / a year ago

Gundlach says breakout in Treasury yields represent 'clear and present danger'

NEW YORK, Feb 23 (Reuters) - Jeffrey Gundlach, chief executive of Doubleline Capital, said Friday that while bonds yields seem to “make sense” at current levels, he has a “low conviction feeling” that they could breakout to the upside, representing a “clear and present danger.”

Gundlach, on CNBC television, said commodities are the best place to be during late-stage economic cycles, which the United States is in at the moment. (Reporting By Jennifer Ablan Editing by Chizu Nomiyama)

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