Via the AFR:
As the US 10-year bond rate heads towards 3 per cent, longer-term bonds are looking attractive again, PIMCO’s Newport-based chief investment officer of global credit, Mark Kiesel, said
“At that rate it will start to generate interest from insurance companies and pension and funds and importantly, while we do see inflation rising we don’t see it going materially above 2 per cent,” he told The Australian Financial Review in an interview last week.