Treasury Bears Redeemed as Citi, Michael Burry See Higher Yields (original) (raw)

Investors betting on higher Treasury yields are getting affirmation from the likes of Citigroup Inc. and Michael Burry of “The Big Short” fame.

Strategists from Citigroup Global Markets recommend clients position for higher U.S. rates, with the bank seeing 10-year yields climbing to 2% by the end of 2021 on a longer-term economic rebound and Federal Reserve tapering.