Arrow Exploration Corp

PIMCO CIO warns Treasury yields could reach 6%

The 10-year U.S. Treasury yield could approach 6%, a level not seen since 2000, as high oil prices, inflation concerns, rising government debt and bond-market selling pressure push borrowing costs higher. PIMCO’s chief investment officer warned that further increases could weigh on stocks and corporate bonds, while higher rates threaten to raise financing costs for governments, businesses and households.