Bond Market Turmoil Raises Concerns Over Economic Stability
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Wild bond market volatility shows loss of economic, technical, and policy anchors according to Mohamed El-Erian
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Treasury yields saw major swings this week on shifting outlooks about inflation and Federal Reserve policy
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Market had worst day since March 2020 on Thursday when 30-year yield rose 19 basis points
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Major financial stability risk now is unusual volatility that can "break things"
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El-Erian hopes Fed keeps interest rate unchanged this year for economic stability