Gundlach Sees Little Change For Treasury Yields In 2015

DoubleLine CEO Jeffrey Gundlach said Tuesday that he doesn't see U.S. treasury yields rising significantly in 2015. Gundlach noted that falling oil prices are reducing inflationary pressures and that foreign investors have effectively replaced the Fed as buyers of U.S. treasurys. He told listeners on a webcast Tuesday that if oil falls to $40 a barrel, the yield on 10-year treasurys could fall to 1%, though he cautioned that he wasn't predicting oil would fall that much.