Gundlach: I believe we've started a bond rally here

<p>DoubleLine bond fund manager Jeff Gundlach is on CNBC following the FOMC decision and he called for a rally in bonds. There certainly is one today with yields 7-13 bps lower on the day and that's after trading higher earlier.</p><p>Powell wasn't hawkish today and the Treasury announced today lower-than-feared borrowing in the 10-year and 30-year tenors.</p><p>Regarding price action in bonds he said "this is the classic price action before a recession".</p>

This article was written by Adam Button at www.forexlive.com.