El-Erian Warns Bond Traders Not to Count Out September Fed HikeBy and
Treasuries tumble as July employment gains exceed forecasts
Bill Gross says Fed more likely to focus on global conditions
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.
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