Mohamed El-Erian says 30-year Treasury yield at 5.27% signals a structural shift that will make America more expensive
Mohamed El-Erian says 30-year Treasury yield at 5.27% signals a structural shift that will make America more expensive
Source: Moneywise
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DW NOTE
The 30-year at 5.27% isn't a signal — it's a verdict. Washington has added $2 trillion to the national debt in 12 months while the Fed holds rates flat through a supply shock that has closed Hormuz and cut global oil output by 4%. Bond markets are pricing the policy mix, not the theory.