US 10-year Treasury yields risk hitting 6% for first time since 2000, Pimco says

US 10-year Treasury yields are on a concerning trajectory, potentially reaching 6% for the first time since 2000, according to Pimco’s investment chief. This sharp rise in borrowing costs is deemed feasible as market participants scramble to unwind losing bets. This shift in bond market dynamics could have significant implications for broader economic conditions, influencing everything from consumer spending to mortgage rates. Investors are closely watching these trends to navigate the evolving financial landscape.