El-Erian Warns Bond Traders Not to Count Out September Fed Hike

  • Treasuries tumble as July employment gains exceed forecasts
  • Bill Gross says Fed more likely to focus on global conditions

El-Erian: Global Influence Seen in U.S. Yield Curve

Allianz SE’s Mohamed El-Erian said bond traders underestimate the likelihood that the Federal Reserve will raise interest rates next month after a surge in U.S. hiring bolstered the case for tighter monetary policy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.