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Pimco CIO warns 10-year Treasury yield could reach 6% - report
Seeking Alpha ·
Seeking Alpha reports: The benchmark 10-year Treasury yield risks reaching 6% for the first time in 26 years, bond giant Pimco's CIO Daniel Ivascyn told the Financial Times . "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," he said. The 10-year Treasury yield is currently at 5.25%,…
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