US 10-Year Treasury Yield Risks 6% Surge, PIMCO Warns

Warnings have emerged that the US 10-year Treasury yield risks reaching 6% for the first time since 2000. Daniel Ivascyn, Chief Investment Officer (CIO) at PIMCO, the world’s largest bond management firm, told the Financial Times (FT) on the 11th (local time) that investors such as hedge funds are being forced to...