X - El-Erian Says Bond Market Is Now More Consistent With Economy Evading 'Deep Recession' | Benzinga
Allianz chief economic adviser and well-known economist Mohamed El-Erian pays close attention to the bond market, as it can often be an indicator for future stock market performance and broader economic conditions. His latest social post suggests the bond market has correctly priced in the current economic outlook.
What To Know: In a new post on X on Thursday, El-Erian flagged that the U.S. 10 Year Treasury was currently trading around 4%.
"A level that, compared to the recent lows, is more consistent with the economic outlook unless you believe in a rather deep recession for the US," El-Erian said.
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In an ...