According to Arif Husain, global head of fixed income at T. Rowe Price, the 10-year U.S. Treasury yield could eventually rise to 6% from its current level of around 4%. He wrote in a report: "While I certainly don't expect yields to rise in a straight line, a 10-year Treasury yield reaching 5% and ultimately 6% is well within the range of possible outcomes." Husain expects higher U.S. Treasury yields to be due to a surge in sovereign debt supply, stubborn inflation, and "extremely poor" valuations for long-term U.S. Treasury bonds. However, he also pointed out that political pressure could force the Federal Reserve to cut interest rates, which could ultimately push long-term Treasury yields lower. (Jinshi)