US Treasury yields are “screaming good value,” says PIMCO senior advisor
TLT•PIMCO senior advisor Rupert Harrison said U.S. Treasury yields offer “screaming good value” after a recent surge. Ten- and 30-year yields hit fresh 24-year highs this week.
1. Harrison sees value
Rupert Harrison, a senior advisor in portfolio management at PIMCO, said Treasury yields were good value after rising to their highest levels in years. He said PIMCO had exposure to duration and noted that bond markets held value in the event of a tech-stock selloff or a future economic slowdown.
