Pinghao Advisors says US Treasury yields are attractive after surging.

智通财经2026/10/06 13:27

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Rupert Harrison, Senior Advisor and Portfolio Management Expert at the global major bond investment firm PineHill, stated on Tuesday that after a recent sharp rise, U.S. Treasury yields have reached a level with high investment value. This week, both the 10-year and 30-year U.S. Treasury yields hit new 24-year highs, mainly driven by market concerns about inflation and high fiscal deficits. Speaking at an event hosted by London-based economic consultancy TS Lombard, Harrison said, “After this round of substantial yield increases, to us, it’s almost clearly demonstrating highly attractive valuations.” He added that PineHill currently holds some duration exposure. Harrison pointed out that if there is a sell-off in tech stocks or a slowdown in future U.S. economic growth, the bond market will still offer investment value. Under such scenarios, bond assets could play a more significant role in allocation and defense.

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Rupert Harrison, Senior Advisor and Portfolio Management Expert at major global bond investment institution PIMCO, said on Tuesday that after a recent sharp rise, U.S. Treasury yields are now at levels with high investment value. This week, yields on both the 10-year and 30-year U.S. Treasury bonds reached new 24-year highs, mainly driven by market concerns about inflation and high fiscal deficits. Speaking at an event held by the London economic consulting firm TS Lombard, Harrison stated: “After this round of significant yield increases, to us, it almost clearly signals extremely attractive valuations.” He added that PIMCO currently holds a certain degree of duration exposure. Harrison pointed out that if there is a sell-off in technology stocks, or if U.S. economic growth slows in the future, the bond market still holds investment value. In such scenarios, bond assets could play a more pronounced role in portfolio allocation and defense.

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智通财经•2026/10/06 15:51