US Govt bond market in bear phase - BlackRock's Doll

BlackRock's Bob Doll believes US bond markets have entered in a bear phase, highlighted by the sharp...

BlackRock's Bob Doll believes US bond markets have entered in a bear phase, highlighted by the sharp increases in yields over recent weeks. The yield on the 10-year Treasury is now nearly 3.5%, rising almost a full percentage point since early May. Doll, the group's global chief investment officer, says the rise has prompted great concern among investors, fuelling concerns the sell-off in the bond markets is symptomatic of worries about the growing deficit and inflation expectations, or waning deflation risks. Doll believes deflation risks are subsiding and higher yields are a reflect...