Bond managers from DoubleLine Capital Jeffrey Gundlach to Pacific Investment Management Co.’s Bill Gross are telling investors the worst may be over for Treasury bonds after 10-year yields rose to a 22-month high.

“I do believe July will not be the same type of month,” Gundlach, chief investment officer of Los Angeles-based DoubleLine, said yesterday in a webcast for investors. “There’re profits to be made in the bond market between now and the end of the year.”

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