El-Erian and Gross are tag-teaming, running for the cameras to tell the markets that the economy still sucks. When you are long $1 trln in bonds (that’s their job), what else would you expect.
US 10-year notes are now around 3.85%, a level where Gross said he would be a buyer around a week ago.
EUR/USD hasretreated to the 1.4100 area. 1.4070 and 1.4050 are support.
