U.S. Treasury Bonds Regain Attractiveness Above 5% Yields, Says Allianz Global Investors
For the first time since 2007, the 10‑year U.S. Treasury yield topped 5% and reached 5.3% earlier this year. Following the U.S. mid‑term elections and a strong Democratic win, yields have slightly eased, but Allianz GI believes the bonds are now offering real value after a period of extreme overvaluation. The firm expects demand could rise further if the Treasury undertakes more aggressive buy‑backs under Secretary Scott Bessent, providing technical support to the market.