US Treasury yields yet to peak as Fed may tighten further, PIMCO’s Ivascyn says

By Gertrude Chavez-Dreyfuss

NEW YORK, Oct 13 (Reuters) – US Treasury yields may ​have further room ‌to rise, with the Federal Reserve likely to deliver one or two more ‌rate ​increases before the ⁠current tightening ⁠cycle ends, Dan Ivascyn, chief investment officer at the world’s largest bond ​manager, told Reuters on Tuesday.

Speaking on the ⁠sidelines of ⁠the Grant’s Fall ​Conference, Ivascyn said he expects ​the Fed to keep ‌rates unchanged later this month, but sees scope for one or ⁠two additional hikes.

“We’ll probably see a Fed on hold now, ⁠and ‌they probably go ⁠one more time ​this ‌year,” he said. “Our ​own view ⁠is that one to two tightenings, given the current outlook.”

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Mark ​Porter)