Key facts
- US Treasury yields may rise further, according to PIMCO CIO Dan Ivascyn.
- Ivascyn expects the Federal Reserve to deliver one or two more rate increases.
- He anticipates the Fed will hold rates unchanged this month.
- PIMCO is the world's largest bond manager.
US Treasury yields may have further room to rise, with the Federal Reserve likely to deliver one or two more rate increases before the current tightening cycle ends, Dan Ivascyn, chief investment officer at PIMCO, told Reuters on Tuesday.
Speaking on the sidelines of the Grant's Fall Conference, Ivascyn said he expects the Fed to keep rates unchanged later this month, but sees scope for one or two additional hikes. PIMCO is the world's largest bond manager.