US 10- and 30-year Treasury yields this week climbed to 24-year highs amid inflation concerns and worries over a large fiscal deficit. Rupert Harrison, senior adviser and portfolio manager at a large global bond investor, told a TS Lombard event in London that after the recent sharp rise in yields, valuations are now “highly attractive.” He said the firm holds some duration exposure and that bonds would offer allocation and defensive value if tech stocks sell off or US growth slows.