TLT•Dan Ivascyn said US Treasury yields may have further room to rise and the Federal Reserve may deliver one or two more rate increases after holding rates steady later this month.
Dan Ivascyn, chief investment officer at PIMCO, said he expects the Federal Reserve to keep rates unchanged later this month but sees scope for one or two additional increases. “We'll probably see a Fed on hold now, and they probably go one more time this year,” he said, adding that his firm's view was for “one to two tightenings” given the current outlook.
