US 30-Year Yield Raises Alarm in Longest Run Above 5% Since 2007
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The US 30-year bond yield is trading above 5% for the longest stretch since the dawn of the financial crisis, echoing investor concerns about a growing debt pile and sticky inflation. Tony Crescenzi, Executive VP, Market Strategist, and Generalist Portfolio Manager at PIMCO discusses what he's seeing in bonds.
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