Veteran Bond Investor Jim Bianco Turns Bullish on Treasuries

Jim Bianco, president and founder of Bianco Research, has turned bullish on U.S. Treasuries for the first time in six years, citing that a 5.2% yield provides a sufficient buffer for investors. Despite the 10-year Treasury yield hitting a 2007 high of 5.27%, Bianco believes the risk-reward profile has improved. He has increased the duration of his active bond index to over 6 years. Bianco noted that while the bond sell-off may not be over, current yields represent a return to historical norms rather than an economic crisis, contrasting the current environment with the zero-interest-rate period of 2010-2020.