A May survey of fund managers by Bank of America indicates that 62% of investors anticipate the yield on the U.S. 30-year Treasury bond rising above 6%. This projection is based on the assumption of significant yield volatility over the next 12 months. Meanwhile, 20% of respondents expect the yield to fall below 4%. The April survey did not include expectations for the 30-year Treasury yield's trajectory. Currently, the yield on the U.S. 30-year Treasury is up 1 basis point to 5.13%. On Monday, it climbed to 5.16%, reaching its highest level since October 2023.
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