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Ex-BlackRock manager sees US yield rising to 4% on policy tightening

This comes amid robust corporate profits, unwinding of central-bank stimulus


A FORMER bond manager at BlackRock says the yield on 10-year Treasuries may hit 4 per cent by the end of this year, pitting him against many on Wall Street who expect a shallower sell-off in bonds.

"We are going back to the world as we knew it before the crisis," said...