Comments from El-Erian:
- Thinks the long end of the Treasury yield curve will be volatile.
- The short end of the yield curve will be stable because the Fed is influencing it.
- Thinks a deal on the fiscal cliff is important, and the specifics of the deal are also important, obviously.
- Sees sluggish growth at 1.5% to 2% next year if the fiscal cliff is avoided.
- Thinks the long end of the Treasury yield curve will be volatile.
- The short end of the yield curve will be stable because the Fed is influencing it.
- Thinks a deal on the fiscal cliff is important, and the specifics of the deal are also important, obviously.
- Sees sluggish growth at 1.5% to 2% next year if the fiscal cliff is avoided.