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Where PIMCO's El-Erian Sees Treasury Rates Going

July 16, 2013 | About:
Canadian Value

Canadian Value

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Short term (in the next couple of months) El-Erian thinks yields on the 10-year Treasury are actually going to come down. Longer term he thinks that we are in a rising rate environment that the market is going to have to adjust to.

PIMCO has seen significant outflows across all funds in the second quarter as bond yields surged. Those outflows seem to be nearly stopping and he believes that investors are now comfortable with the Fed not tapering immediately.

El-Erian thinks that the Fed needs to keep the tapering talk to a minimum or the rise in rates could resume.



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