PIMCO Chief Investment Officer: US Treasury yields have yet to peak, and long-term treasury bonds can withstand further tightening policies by the Federal Reserve; there is the greatest risk of spillover to interest-rate sensitive industries, such as housing and commercial real estate.

PIMCO Chief Investment Officer: US Treasury yields have yet to peak, and long-term treasury bonds can withstand further tightening policies by the Federal Reserve; there is the greatest risk of spillover to interest-rate sensitive industries, such as housing and commercial real estate.