PIMCO’s Ivascyn Warns 10-Year Treasury Yield Could Hit 6%

This matters because the 10-year Treasury is the discount rate the rest of the market prices against, and a credible call for 6% from a major bond house signals that the long end is not settled. Crypto and other risk assets sit at the far end of that transmission chain, so the pressure is indirect but real. The open question is whether this stays a forecast or shows up in actual yields — and whether the drivers are fiscal supply, term premium, or inflation expectations, since each implies a different reaction across asset classes.