Bond Market Alarm Bells Are Ringing, But Mohamed El-Erian Says Psychology May Be Fueling the Fear More Than Fundamentals
Mohamed El-Erian noted that the rise in bond yields stems from government borrowing and Fed signaling, but added that the yield surge relies on long-evident fundamentals rather than any sudden market shock. Market Compares Yields to 2007 Crisis The entire U.S. bond yield curve is reaching multi-year peaks. The one-year