US 10-Year Yield Risks 6% Amid Inflation, Debt Fears: Pimco

Dan Ivascyn, Chief Investment Officer at bond fund manager Pimco, told the Financial Times that the US 10-year Treasury yield, currently around 5.29%, could rise to 6%. This surge is attributed to high oil prices fueling inflation worries and concerns over the country's growing public debt. Such a move would mark its highest level since 2000 and could lead to significant weakness in global risk markets. For Pakistan, sustained higher US yields could strengthen the dollar, potentially pressuring international gold prices and influencing USD/PKR dynamics.

بحوالہ / Source: www.brecorder.com