PIMCO Executive: 10-Year Treasury Yields Face Risk of Touching 6%

Dan Ivascyn, Chief Investment Officer at Pacific Asset Management Group, warns that U.S. 10-year Treasury yields face the risk of reaching 6% amid three macroeconomic pressures: high oil prices, stubborn inflation, and a massive public debt burden. Technical selling and forced liquidations by hedge funds have further intensified market volatility, raising the possibility of further yield increases in the short term.