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

Sydney

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 Stephen Miller, now an investment consultant for Grant Samuel Funds Management in Sydney.