Pimco Sees Bernanke-Style Saver Glut Capping 10-Year Yield at 3%

Updated on
  • Ten-year yields will struggle to push past 3%, Pimco says
  • Bernanke's theory says savers funnel money into Treasuries

Pacific Investment Management Co., home to the world’s biggest actively run bond fund, says the savings glut that dictated the direction of the bond market a decade ago is keeping borrowing costs down again in 2015.

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