Rising Bond Yields as Global Bonds Eye 4%

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Global bond yields are rising, with benchmark global bonds approaching 4% for the first time since 2007. The US 30-year Treasury yield has reached its highest level since 2004, according to BlackRock portfolio manager Chi Chen.

Chi Chen, managing director and portfolio manager in BlackRock's global fixed income investment group, joins the program to discuss the sharp rise in bond yields. Global bonds are eyeing 4% for the first time since 2007, while the U.S. 30-year yield has hit its highest level since 2004. (Source: Bloomberg)