Bond Yields Hit 19-Year High: Experts Split on Strategy

US Treasury bond yields have surged past 5% for the first time in 19 years, reaching their highest level since 2007, as US debt crossed a record $40 trillion and the Federal Reserve is expected to continue raising interest rates to curb inflation. The Wall Street Journal consulted six leading investment managers on how to navigate the market. PIMCO's Dan Ivascyn suggests investors can build quality bond portfolios yielding 6-7%, while Franklin Templeton's Sonal Desai recommends focusing on stable income and considering bonds from AI giants like Microsoft and Amazon. BlackRock's Rick Rieder sees opportunities in longer-term bonds, while Bridgewater's Ray Dalio advises caution and diversification away from rate-sensitive investments. Experts remain divided on whether the economy faces a slowdown or recession, with oil prices rising due to the Iran conflict adding further pressure.