[U.S. bond yields soared to a 20-year high, and bond market veterans turned bullish for the first time in six years] On September 29, after U.S. bond benchmark yields soared to their highest point in 20 years, Jim Bianco, a Wall Street veteran who has been paying attention to the market for a long time, believed that an attractive entry point has emerged and turned bullish on U.S. Treasury bonds for the first time in six years. Although this wave of bond selling may not be over yet, Bianco said that U.S. Treasury yields of most maturities have risen above 5%, making the risk-reward ratio of holding bonds increasingly attractive. "Everyone is extremely bearish on the bond market right now," Bianco said. "Buying bonds at 5.2% yields already has a big cushion. Now is not the time to panic about it."