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Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety. "There is a stealth flight to safety going on. German bond yields are leading the way down," Gundlach said in emailed comments. Gundlach, who oversees $101 billion, first introduced his view on the 10-year yield's bottom in January.
- ^TNXAssociated Press•2 days ago
A late push helped U.S. stocks finish higher Friday after indexes spent most of the day lower. There was far more selling than buying on Wall Street overall, but the Dow Jones industrial average managed ...