'Bond King' Jeffrey Gundlach says buy long-dated Treasurys, with prices set to rebound going into a recession

• Jeffrey Gundlach says long-duration Treasurys will make a good short-term trade in a recession.
• He expects a downturn to hit in the first half of 2024, which will push bond prices back up.
• Gundlach also sees agency mortgage securities and commercial mortgage bonds as attractive.

Investors should consider buying long-dated Treasurys as a brewing cocktail of economic factors could soon spark a rebound in the price of the bonds, according to DoubleLine Capital founder Jeffrey Gundlach.