DoubleLine's Gundlach: Buy interest rate volatility on long maturity US Treasuries

At the Sohn Investment Conference on Monday, Jeffrey Gundlach, Wall Street's bond king and Founder and Chief Executive Officer of DoubleLine, which manages $120 billion, recommended investors to buy interest rate volatility on long maturity the US Treasuries.

Key Quotes (via Reuters):

U.S. interest rates “cannot maintain the low volatility” they have experienced in the past eight years and it is “not inconceivable” that interest-rate volatility could double.

 Recommended using the iShares 20+ Year Treasury Bond ETF as a way to execute the trade.

“I think this is an extremely compelling time to do this trade and an extremely important environment where outcomes are so binary.”