Watch the bond market and not the Fed for a steer on interest rates, billionaire investor Jeff Gundlach says

Jan 11 2023 by Business Insider

 
Keep an eye on bond yields rather than Fed policy announcements for guidance on end-of-year interest rates, DoubleLine Capital CIO Jeff Gundlach said Tuesday.

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The Federal Reserve has signaled it'll hike interest rates above 5%, but markets aren't buying it. Treasury yields should give a better idea of where rates will be at the end of 2023, Jeff Gundlach said. "Investors should look at what the market says over what the Fed says," the DoubleLine Capital CIO said.

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