Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Meeting
Economist Mohamed El-Erian has warned that surging global yields are being actively driven higher by energy costs and “massive bond issuance ahead,” coming just ahead of next week’s Federal Reserve meeting, where market participants expect benchmark interest rates to remain unchanged for now. Nominal Yields Spike Acros