M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
Good morning. More of the same in the US bond market this early morning -- that is, continued bear steepner. The continued edging up in the 10-year yield to 87 bps is accompanied by 3 bps and 4 bps steepening in the 2s-10s and 2s-30s yield curves. With a concurrent rise in stocks, many see these moves as driven by higher growth expectations. Debt concerns and less portfolio hedging potency could also be at play, as well as some tapering in Fed purchases. #stocks #markets #economy #bonds #equities #stockmarket #bonds #investing #fed #assetallocation #investmentmanagement #centralbanks #yields
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