Description: Mohamed El-Erian said he’s favoring cash when managing his own money. The idea is catching on in the bond market as benchmark 10-year U.S. yields rise to the highest level since May.
Source: Bloomberg.com – video report
Date: Oct 28, 2016
Questions for Discussions:
- What is happening in the global bond markets?
- What are the explanations presented for this situation?
- How are some bonds investors reacting?