Earl Davis of BMO Global Asset Management said that he believes it is “inevitable” that the yield on US 30-year treasury bonds will break through 6%, and that it may occur in October because bond market fluctuations are forming a cycle that pushes yields higher. “Why do you say this is inevitable? “Markets tend to focus on only one thing at a time, whether it's inflation, economic growth, or other factors affecting interest rates,” Davis added, and now investors “really focus on interest rates themselves.”

Earl Davis of BMO Global Asset Management said he believes it is “inevitable” that the yield on US 30-year treasury bonds will break through 6%, and that it will probably happen in October because bond market fluctuations are forming a cycle that pushes yields higher. “Why do you say this is inevitable? “Markets tend to focus on only one thing at a time, whether it's inflation, economic growth, or other factors affecting interest rates,” Davis added, and now investors “really focus on interest rates themselves.”