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.
![US 10 year](https://images.forexlive.com/images/US%2010%20year_id_08d571e4-f1b4-4028-ba1a-bceab4c44074_original.jpg)
US 10 year yields
Powell wasn't hawkish today and the Treasury announced today lower-than-feared borrowing in the 10-year and 30-year tenors.
Regarding price action in bonds he said "this is the classic price action before a recession".