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Pimco Sees A 6% 10-Year... Here's Why "Bad Inflation" Caps Yields
Pimco Sees A 6% 10-Year... Here's Why "Bad Inflation" Caps Yields Authored by Lance Roberts via RealInvestmentAdvice.com, Will interest rates go up to 6%? That's the question on many investors' minds since Pimco's chief investment officer, Dan Ivascyn, told the Financial Times last Friday that a 6% 10-year Treasury yield is "certainly possible." This week's hotter-than-expected September CPI report only added fuel to that argument. I get it. The 10-year closed at 5.31% on October 5, the highest close since May 2002. It started the year at 4.18%. However, look at what is actually