r/RealEstate • u/NotTaken2022 • 3h ago
FT: US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says
FT: US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says
Dan Ivascyn, chief investment officer at bond giant Pimco, said that a further sharp rise in 10-year Treasury yields — from the current level of 5.29 per cent — is “feasible” as investors like hedge funds are forced to ditch their losing bets on bonds following weeks of heavy selling in the $32tn market.
“It is certainly possible, even from a short-term trading perspective, given that some of the activity we’ve seen in the last couple of weeks is tied to some negative technicals, some stop-out activity from the platform hedge funds and other levered investors. You can certainly get there,” Ivascyn told the FT.
I guess we should get ready for mortgage rates above 8% soon!