Gundlach warns of higher long-term rates, 7% inflation and fragile AI bonds
AI Summary- Jeffrey Gundlach warned that unchanged Federal Reserve rates could push long-term Treasury yields higher.
- AI investment-grade spreads rose from 50 to 125 basis points, while high-yield spreads reached 325.
- Gundlach said U.S. public debt reached $40 trillion and could exceed $50 trillion by 2032.