El-Erian Warns 10-Year Yield Could Stay Around 5% Even If Oil Falls — Flags ‘Too Much Of An Imbalance’ In Supply And Demand Of Bonds
Mohamed El-Erian, chief economic adviser at Allianz, said he believes the 10-year Treasury yield will remain around 5% even if oil prices fall, citing a longer-term imbalance between bond supply and demand.“We’re not going back to 4.5% or 4.25% simply because there’s too much of an imbalance in the…