Archive · Business Recorder
US 10-year Treasury yield risks hitting 6% for first time since 2000, Pimco's Ivascyn tells FT
The benchmark 10-year US Treasury yield could rise to 6% for the first time since 2000 as high oil prices fuel inflation concerns and worries over the country’s growing public debt, Dan Ivascyn, Chief Investment Officer at bond fund manager Pimco, told the Financial Times. US Treasury yields are a yardstick for global borrowing costs and asset prices. The 10-year yield has risen almost 120 basis points this year and is trading slightly below the 5.34% level it hit last week, its highest since 2002. A sharp rise from the current level of 5.29% was “feasible” in the near term, Ivascyn told FT on...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →