M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
Dow finished the day unchanged while the S&P and NASDAQ lagged somewhat as the rotation trade continued with a surge in airlines. More notable, a pronounced bear steepener as higher 10-year yields (now above 80 bps) were accompanied by 6 and 9 bps steepening in 2s-10s and 2s-30s. #markets #stocks #stockmarket #equities #economy #yields #dow #nasdaq
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