Pimco Warns US 10-Year Treasury Yields Could Hit 6% for First Time Since 2000
Bond giant Pimco has warned that US 10-year Treasury yields could rise to 6% for the first time since 2000. The investment chief at Pimco, Dan Ivascyn, told the Financial Times that this is 'feasible' due to market participants being forced to unwind losing bets. This potential increase in yields comes amidst pressure from rising oil prices and debt worries.12 sourcesSee all sources