PIMCO's Ivascyn says US bond market selloff has been orderly
NEW YORK (Reuters) -A sharp selloff in U.S. Treasuries this week has remained orderly despite continued uncertainty stemming from the U.S. administration's trade policies, said Dan Ivascyn, group chief investment officer at U.S. bond giant PIMCO on Wednesday. "You can't think of much worse of a scenario for ... direct lending to more economically sensitive borrowers than a stagflationary shock leading to a very high probability of recession in a world of disruption and significant global friction," Ivascyn said.
