Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Me

Mohamed El-Erian Warns Higher Oil, 'Massive Bond Issuance' Are Driving Global Yield Surge Ahead Of Fed Me

El-Erian flags surging global yields (US 10Y ~4.70%) driven by higher oil and bond issuance ahead of next Fed meeting. Split debate: generational buying opportunity (3% real yields) vs. debt-crisis risk; emerging markets face liquidity squeeze if trend unchecked.