DoubleLine's Gundlach says U.S. high-yield credit could face crisis

April 19, 2015 7:44 PM

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NEW YORK, April 19 (Reuters) - The U.S. high-yield credit market, which has benefited from massive flows in the last few years from investors looking for higher returns, could unravel in about two years after the Federal Reserve starts raising interest rates, DoubleLine Capital chief executive Jeffrey Gundlach said on Sunday.

"I think that's the next bond market crisis," Gundlach told TV program Wall Street Week.

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