Mohamed El-Erian Says Yields Will Stay Elevated: "We Are Not Going Back"

Deep News
09/29

Economist Mohamed El-Erian said on Monday that even if the Iran war ends and oil prices fall back, US Treasury yields are still likely to remain elevated.

The chief economic adviser at Allianz Group said in an interview that the surge in energy prices has certainly worsened the upward pressure on yields, but a deeper imbalance between bond supply and demand still persists.

"I want to highlight one fundamental issue — even if oil prices are at a lower level, we will still face this yield problem. There is already an imbalance between demand and supply for long-term US bonds," he said on the program "Wall Street Morning Briefing."

At the time of the interview, the benchmark 10-year US Treasury yield had risen nearly 3 basis points to 5.209%, marking a multi-decade high.

Meanwhile, US crude oil prices stood at $94.96 per barrel.

"If the war is resolved, oil prices will fall back, and refined product supply will gradually increase. But I am willing to bet that the 10-year US Treasury yield will still remain around 5%. We are not going back to 4%, 4.5% or 4.25%, and the root cause is the severe supply-demand imbalance in the bond market," El-Erian said.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10