Long-Bond Yield’s Biggest Jump Since ‘09 Has Ackman Eying 5%
- 30-Year Treasury yield is up about 82 basis points since June
- Investors are in ‘fear stage,’ Brandywine’s McIntyre says
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Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets.
The long-bond yield has risen around 82 basis points since the end of June and touched about 4.81% Thursday, the highest since 2010. Pershing Square Capital’s Bill Ackman said in an interview with CNBC that he wouldn’t be shocked to see 30-year yields well into the 5% barrier. BlackRock Inc. CEO Larry Fink, meanwhile, said on Friday that he expects 10-year yields to top that level, from roughly 4.55% now.