Gundlach Says High-Yield Bond Defaults May Almost Double
Jeffrey Gundlach, co-founder and chief executive officer of DoubleLine Capital LP, speaks during the Sohn Investment Conference in New York, U.S. (Photographer: Alex Flynn/Bloomberg)

Gundlach Says High-Yield Bond Defaults May Almost Double

(Bloomberg) -- High-yield bond default rates may double as companies struggle with a protracted economic downturn even as the Federal Reserve props up valuations, said Jeffrey Gundlach.
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