Earl Davis of BMO Global Asset Management said he believes it is “inevitable” that the yield on US 30-year treasury bonds will break through 6%, and that it will probably happen in October because bond market fluctuations are forming a cycle that pushes yields higher. “Why do you say this is inevitable? “Markets tend to focus on only one thing at a time, whether it's inflation, economic growth, or other factors affecting interest rates,” Davis added, and now investors “really focus on interest rates themselves.”

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