Higher Treasury yields are gathering increasing attention among investors, who ponder whether this is a short-term phenomenon or if it will require changes in their portfolios.

Reserve managers who had increased duration in recent years, aiming to boost returns in a low-yield environment, may need to change tack in order to preserve capital.

In 2021, 10-year Treasury yields have risen from 0.91% to 1.43% today (February 25), the highest level since February 2020. The 30-year benchmark has