Citi bullish on 20-year US Treasuries, yield could exceed 5.3%

As rising oil prices fuel inflation concerns, US Treasury yields have surged. Citi strategist Jason Williams noted that 20-year Treasuries offer a favorable risk-reward ratio for investors who can tolerate volatility. He added that if yields break above 5.3%, put options on US Treasuries will strengthen, potentially prompting policymakers to intervene to curb further yield increases.