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Debt-Ceiling Impasse: Pimco's Schneider Says Certain Treasury Yields Could Shoot Up To 10%
Tuesday, May 16, 2023 - 10:40pm | 406Jerome Schneider, head of short-term portfolio management and funding at Pacific Investment Management Co. reportedly said yields on certain U.S. Treasury bills could rise to 10% if the debt ceiling impasse continues until the securities are about to mature. "Fear is going to be exacerbated to the...