Europe should not depend on falling U.S. yields, Mohamed A. El-Erian writes

Europe should not depend on falling U.S. yields, Mohamed A. El-Erian writes
Europe urged not to wait for U.S. yields

Europe should not wait for U.S. bond yields to decrease, according to Mohamed A. El-Erian, president at Queens' College, University of Cambridge. El-Erian shared this view in a Financial Times column titled "our yields, your problem."

El-Erian previously noted that U.S. CPI inflation rose 0.6%, causing an initial increase in yields and a shift in market expectations toward a possible Federal Reserve rate hike in October, as reported in an earlier article. He also pointed out when the U.S. 10-year Treasury yield reached 5.22 percent, its highest level since 2002, according to another report. Both events have drawn attention to recent bond market movements in the U.S.

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