Repricing of 30-Year Treasury Yield Has Just Begun, PGIM’s Peters Says

PGIM’s Gregory Peters says the 30-year US Treasury yield moving back above 5% is causing investors to reset what they view as an attractive entry point for duration. The shift implies a more cautious stance toward fixed-income risk/reward as yields rise, though no specific policy or earnings catalyst is cited.

Analysis

PGIM’s Gregory Peters says the 30-year US Treasury yield moving back above 5% is causing investors to reset what they view as an attractive entry point for duration. The shift implies a more cautious stance toward fixed-income risk/reward as yields rise, though no specific policy or earnings catalyst is cited.