Neuberger Berman warns against buying US Treasuries on dips, stating that the recent sell-off may just be the beginning of a surprisingly sustained rise in yields. Ashok Bhatia, Co-Head of Fixed Income at the firm, mentioned that risks of the Fed pausing rate cuts, increased market volatility, strong US economic growth, and stubborn inflation could drive the 5-year US Treasury yield to around 4.50% in the next three months. Currently, the yield stands at about 4.13%