PIMCO Expects Further Fed Rate Hikes
PIMCO chief investment officer Dan Ivascyn warns US Treasury yields have further room to rise. He expects the Federal Reserve to deliver one or two more rate increases before the tightening cycle ends.
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United States Treasury yields may climb further as the Federal Reserve delivers one or two more rate increases before the tightening cycle ends, PIMCO Chief Investment Officer Dan Ivascyn said on Tuesday.
The selloff in government debt reflects investors pricing in multiple rate hikes over the next 12 months. This repricing comes after a spike in West Texas Oil rekindled inflation concerns across global markets.
