Barings expects 10-year Treasuries yield to rise to levels not seen since 2014

Tokyo

THE global bond meltdown after Donald Trump's victory in the US presidential election is just beginning, said Barings, which estimated that the yield on 10-year Treasuries will probably rise to levels unseen since early 2014.

"Bonds have been in a bubble, and the bubble has burst," Khiem Do, Hong Kong-based head of Asian multi-asset at Baring Asset Management, said in a Bloomberg Television interview on Monday. "At some stage over the next 12 months, 10-year Treasuries will trade at 3 per cent," he said, referring to the yield.