Mohamed El-Erian said the recent surge in U.S. Treasury yields should not have surprised markets, arguing that major issuers’ borrowing plans have long pointed to higher rates. His view underscores supply, inflation and policy as the main drivers.
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Mohamed El-Erian said the recent surge in U.S. Treasury yields should not have surprised markets, arguing that major issuers’ borrowing plans have long pointed to higher rates. His view underscores supply, inflation and policy as the main drivers.
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