PIMCO: Treasuries 'Screaming Good Value' at 24-Yr Highs — SkimNews
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- PIMCO senior advisor labeled US Treasury yields as "screaming good value," per Reuters, making a public contrarian call as the bond market sold off sharply.
- Bloomberg reported that long-end Treasury yields surged to fresh 24-year highs as Treasuries slumped, quantifying the severity of the selloff PIMCO is positioning against.
- CNBC's daily open noted an "AI rally defies bond market rout," capturing the equity-bond divergence — stocks powered higher even as the Treasury selloff deepened.
Why it matters: PIMCO — one of the world's largest active bond managers — is publicly calling value at the exact moment Bloomberg documents 24-year yield highs, giving institutional allocators a high-profile counterweight to the selloff narrative; CNBC's framing adds that the equity AI trade is ignoring the bond signal entirely, so the bond-versus-equity split is now the market's defining tension.
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