ChainCatcher reported that Rupert Harrison, a senior adviser at PIMCO, said U.S. Treasury yields have reached levels with stronger investment value after rising sharply in recent weeks. His comment came as the U.S. 10-year and 30-year Treasury yields both hit their highest levels in 24 years this week. The move was mainly tied to market concerns over inflation and a high fiscal deficit. The remarks point to how the recent jump in yields is being viewed by a major global bond investment firm, at a time when investors are closely watching the direction of U.S. rates and fiscal conditions.
According to ChainCatcher, Rupert Harrison, a senior adviser at PIMCO, said U.S. Treasury yields have reached levels with relatively strong investment value after their recent sharp rise.
This week, U.S. 10-year and 30-year Treasury yields both climbed to 24-year highs, mainly because of market concerns about inflation and a high fiscal deficit.
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