Pimco sees US 10-year Treasury yield hitting 6 percent
Pimco Chief Investment Officer Dan Ivascyn warns that the benchmark US 10-year Treasury yield could rise to 6 percent. High oil prices and growing public debt continue to fuel persistent inflation concerns across global markets.
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The benchmark 10-year Treasury yield in the United States could reach 6% for the first time since 2000. The yield has risen 120 bps this year, trading slightly below last week's 5.34% peak. Pimco Chief Investment Officer Dan Ivascyn warned the surge risks dragging down global equities and corporate credit.
