- October 20, 2022
- Posted by: Stratford Team
- Category: Economy
DoubleLine Capital’s Gundlach says Treasury yields may peak before the end of the year
DoubleLine Capital CEO Jeffrey Gundlach said U.S. Treasury yields “may well be peaking between now and year-end.”
“Note how the long end is flat,” he said in a tweet, following a list of current yield levels. “Sign of yield increase exhaustion.”
The 10-year Treasury yield ticked up as high as 4.154% after reaching the highest level since July 2008 during the U.S. markets session. It was last at 4.1485%. The 2-year Treasury note last traded at 4.5695% while the 5-year note traded at 4.3712%.
–Jihye Lee
Oil prices climb in spite of release of U.S. strategic oil supplies
Oil prices rallied on Thursday as markets shrugged off announcements that the United States will release more crude from its reserves.
Brent crude futures inched up 0.85%, or $0.80 to stand at $92.41 per barrel, while U.S. West Texas Intermediate rose more than $1, or 1.45% to $85.55 per barrel.
“Upward…
