‘Bond King’ Jeff Gundlach warns markets are on a ‘collision course’ with higher interest rates

Patrick T. Fallon / AFP via Getty ImagesJeff Gundlach sees higher interest rates causing trouble for investors. The famed bond investor says higher rates risk triggering a recession and a "collision" in markets.It could lead to a wave of defaults as high rates hit vulnerable sectors of the economy, he said.The "Bond King" has a word of warning for investors: beware of higher interest rates.Jeff Gundlach, the veteran fixed-income investor and CIO of DoubleLine Capital, laid out his latest outlook