PIMCO Calls US Treasuries 'Screaming Good Value' — SkimNews
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- PIMCO's senior advisor described US Treasury yields as "screaming good value," per the Reuters headline.
- Bond traders reloaded bets on ever-higher yields after a brief jolt, per Bloomberg's headline.
- The U.S. 10-year yield continued to climb, per the partial snippet.
- Yahoo Finance framed the bond market move as a warning to investors, cautioning against a specific mistake with the S&P 500.
Why it matters: A senior PIMCO advisor publicly endorsing Treasuries as "screaming good value" contrasts with the market direction — traders are positioning for higher yields and the 10-year is still climbing, making this an unusual contrarian buy-the-dip call from a major asset manager.
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