Look out for a drop of "at least 15-to-20%" in the municipal bond market, Jeffrey Gundlach tells...

|By:, SA News Editor

Look out for a drop of "at least 15-to-20%" in the municipal bond market, Jeffrey Gundlach tells CNBC. People who own munis tend to own them for the tax benefit and they own most or all of their assets in munis, making them susceptible to panic when prices drop, he warns. "The fear factor here is going to be palpable."