Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Meeting
Mohamed El-Erian warns of massive bond issuance as US yields near 4.70% ahead of the Fed. Is it a debt crisis or a buying opportunity?
A famous money expert is pointing out that lots of new government borrowing and rising oil prices are pushing interest rates higher right now. When you follow the stock market, watch whether these higher rates make companies' costs go up or give savers better returns on their money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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