B · Normal
[Bond giant warns: 10-year U.S. Treasury yields may rise above 6%] On October 9, Ivascyn, chief investment officer of bond giant Pimco, warned that as high oil prices intensify inflation concerns and concerns about the United States’ growing public debt, the benchmark 10-year U.S. bond yields may rise to 6%, which would be the first time since 2000. Ivascyn said a sharp rise in the 10-year Treasury yield from the current level of 5.29% is "possible" in the short term, noting that one reason is that hedge funds are unwinding loss-making Treasury holdings. He said that if U.S. bond yields rise further, it could put pressure on riskier assets such as stocks and corporate bonds.
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