Bond Market Alarm Bells Are Ringing, But Mohamed El-Erian Says Psychology May Be Fueling the Fear More Than Fundamentals
Forget 2007 crash fears. Mohamed El-Erian explains why the US Treasury yield surge is predictable and driven by economic fundamentals.
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Why It Matters
Government bond prices dropped, making some people nervous about danger ahead. But an expert says the math behind the move makes sense, not panic.
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