U.S. 10-year Treasury yield could inch higher, but that may not pose a risk to financial markets, according to Durrien Timmer of Fidelity Investments. “I think yields could push a little higher. So far, they’ve (got) up to about 1.75%. I have a simple bond model that suggests 2% should be the upper limit,” Timmer, who is the director of global macro at the firm, told CNBC’s “Squawk Box Asia” on Tuesday. The yield on the benchmark 10-year Treasury note jumped above 1.7% last Thursday, its highest level in more than a year. That came despite reassurance from the Federal Reserve that it had no plans to raise interest rates anytime soon, nor ease its bond-buying program.
Source: CNBC – Bonds
