Surveillance: El-Erian Says Tumult Awaits in Bond Market That Has Lost Its Anchors
‘I think we’ve come down too fast,’ he says, teeing up more volatility
Those jitters about rising yields and a glut of debt supply from the US Treasury? They're gone -- for now.
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Wall Street wrung its collective hands when 10-year Treasury yields shot up 50 basis points in a matter of weeks. Now there’s a spreading sense of alarm over that run-up reversing just as quickly.