The benchmark 10-year US Treasury yield could rise to 6% for the first time since 2000 as elevated oil prices fuel inflation concerns and mounting public debt worries weigh on the bond market, Pimco Chief Investment Officer Dan Ivascyn said, Reuters reported.
A move towards 6% remains possible in the near term, Ivascyn told the Financial Times, citing technical pressures in the market, including hedge funds unwinding losing bond positions.
