Pimco warns US 10-year yields could hit 6%, first since 2000, as unwinds loom

Pimco's investment chief flags that a further sharp rise in US 10-year Treasury yields to 6% is 'feasible', driven by forced unwinding of losing positions. This marks a notable escalation in bond-market stress, with implications for global borrowing costs and risk assets. The warning is forward-looking and unconfirmed, but reflects growing market fragility.