'Bond king' Jeff Gundlach says yield curve inversion means 'economy is poised to weaken'

DoubleLine CEO Jeffrey Gundlach believes that the recent inversion of the U.S. Treasury yield curve is a signal that the economy is set to weaken.

The so-called "bond king" told Reuters that the phenomenon is predicting that the "economy is poised to weaken."

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He also told Reuters the "totally flat" Treasury note curve will "stay the Fed's hand" on future hikes to the federal funds rate.

Gundlach is founder and chief executive of DoubleLine which manages more than $120 billion, according to its website.

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