Mohamed El-Erian, Chief Economic Adviser at Allianz, stated that today's movements in the US Treasury yield curve send two signals. The spread between the 2-year and 10-year yields narrowed by about 7 basis points, and the spread between the 2-year and 30-year yields narrowed by about 10 basis points, showing a flattening trend. El-Erian believes this reflects a dual interpretation in the fixed-income market: in the short term, it is a hawkish repricing by the market after Federal Reserve Chair

智通财经2026/08/28 22:02

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