A sharp U.S. Treasury sell-off is now hitting corporate America, as companies rethink borrowing plans and default risks rise for the weakest issuers. El-Erian points to the broader strain from elevated yields after the 10-year Treasury touched 5.22%.
published
A sharp U.S. Treasury sell-off is now hitting corporate America, as companies rethink borrowing plans and default risks rise for the weakest issuers. El-Erian points to the broader strain from elevated yields after the 10-year Treasury touched 5.22%.
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