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El-Erian Says Cash on Sidelines Is Minimizing Bond Market Losses

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El-Erian Says Cash on Sidelines Is Minimizing Bond Market Losses


Investors are using their massive cash piles to lock in attractive yields in global bond markets, helping to limit losses in the asset class, according to Mohamed El-Erian.

Demand for Treasuries is strong as demonstrated with this week’s auctions. And US money-market fund assets have soared in recent weeks to an all-time high, offering fresh evidence that the desire for cash remains persistent even as the Federal Reserve prepares to cut interest-rates.



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