PIMCO Adviser Says U.S. Treasury Yields Are ‘Screaming Good Value’ as Bond Selloff Deepens
A senior adviser at Pacific Investment Management Co. said U.S. Treasury yields are now looking “screaming good value,” adding a fresh voice to the debate over whether the recent rise in borrowing costs has gone too far. The comments come as traders rebuild bets on still-higher yields, even after a brief market jolt, while equity investors continue to test how long stocks can ignore the bond market’s warning signal.
