Beware the steepening yield curve in U.S. Treasurys, warns Pimco's Mohamed El-Erian. Despite...
Thursday, August 9, 2012, 7:56 PM ETBeware the steepening yield curve in U.S. Treasurys, warns Pimco's Mohamed El-Erian. Despite their staunch credentials, El-Erian notes the spread between the two and 10-year Treasurys is the widest it's been since May. “What we would caution is rather than the level of the rates, the shape of the curve.” he says. “The long end is exposed to a lot more risk.”
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