Joanne Bianco: The rise in U.S. Treasury yields above 5% is not unusual

Joanne Bianco, Senior Investment Strategist at BondBloxx Investment Management, pointed out that the current yield of over 5% on U.S. Treasury bonds is not unusual. Factors driving the rise in yields include U.S. economic growth, upward revisions in GDP data, high international oil prices, and an expansion in Treasury supply. She emphasized that investors are focused on the fiscal deficit and the scale of Treasury issuance, demanding higher term premiums to compensate for risk.