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Wall Street, which had supplied capital with few questions amid the boom in U.S. artificial intelligence companies, is now witnessing a shift in the balance of power as lenders become more discerning.
Mohamed A. El-Erian shared this assessment based on commentary from the Wall Street Journal.
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El-Erian has recently commented on shifting trends in government bond markets. Nations considered U.S.-friendly, particularly in Asia, have pulled back from purchasing U.S. Treasuries. He also noted that France surpassed the UK in the largest government bond yield surge since U.S.-Israel attacks on Iran.