‘Bond King’ Jeff Gundlach warned rates could go ‘much, much higher.’ Days later, the 10-year yield hit a 19-year high

Billionaire investor Jeffrey Gundlach, better known as Wall Street's "Bond King," warned investors last week (1) that interest rates could go "much, much higher." Days later, the bond market nodded, and the 10-year Treasury yield shot to 5.228% (2), a 19-year high. The last time rates were so high was June 2007...