Pimco Warns US 10-Year Treasury Yields Could Reach 6%
UKPulse Money Desk
Pimco's investment chief has indicated that US 10-year Treasury yields could reach 6% for the first time since 2000, citing the unwinding of losing bets by market participants.
- US 10-year Treasury yields risk hitting 6% for the first time since 2000.
- Pimco's investment chief warns a sharp rise in borrowing costs is 'feasible'.
- The potential rise is linked to market participants unwinding losing bets.
The US 10-year Treasury yield faces a risk of reaching 6%, a level not seen since 2000, according to Pimco. The bond giant's investment chief has warned that a further sharp increase in borrowing costs is considered 'feasible'.
This potential rise is attributed to market participants being compelled to unwind losing bets, as detailed in the FT UK Markets report.