DoubleLine Capital CEO Jeffrey Gundlach said the bond market has become much more attractive than stocks, so investors can get an 8% annual return. The so-called king of bonds said that Treasuries are now “potentially profitable,” in an interview on CNBC’s “Closing Bell: Overtime.” He added that his copper-to-gold indicator shows 10-year Treasury yields priced 200 basis points higher, meaning prices could move up. Bond yields are inversely proportional to their prices. Buying safe-haven government bonds allows investors to shop for more opportunistic, riskier credits in the market, Gundlach said. Spreads on non-Treasury funds have widened, including guaranteed mortgages, junk bond yields, emerging market debt and asset-return securities, he added. With 10-year Treasury yields around 4% and riskier credits yielding around 12%, Gundlach said investors can build a bond portfolio with an 8% yield, and this strategy There is also a natural fence. “If credit isn’t good, Treasuries will do well. And if Treasuries just hang out, credit is likely to have a pretty good year next year,” said Gundlach. “So it’s a pretty good opportunity. It’s much more attractive than stocks.”