(Bloomberg) -- DoubleLine Capital Chief Investment Officer Jeffrey Gundlach said on Twitter that US treasury yields may peak between now and the end of 2022 as they reach multi-year highs.

His comments come less than a month after saying he was buying Treasuries amid a rally in the market. Yields jumped across the curve Wednesday amid firmer global inflation readings, corporate deal hedging flows and a poorly received US 20-year bond auction. 

Flattening at the long end of the curve was a sign of yield increase exhaustion, Gundlach said. Early responses on MLive’s Question of the Day, polling where 10-year Treasury yields would peak, were trending toward the 5% area as a high watermark.

--With assistance from Garfield Reynolds and Mark Cranfield.

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