Economist Warns Global Bond Sell-Off Is Likely to Continue
Leading economist Mohamed El-Erian has cautioned that the current downturn in global bond markets shows no signs of abating. He attributes the prolonged sell-off to persistent inflation pressures and shifting central bank policies.
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Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC
In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken "a step too far" with its market intervention.
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