This topic will mainly appeal to people who have some basic awareness of Macroeconomics and MMT.
In links below Mohamed El-Erian says that the liquidity shall continue until the FOMC “loses control over long-term bond yields.”
https://www.theinstitutionalriskanalyst.com/post/don-t-fight-the-fed-yet
(see 2:30 onwards)
My question is what does "loses control over long-term bond yields” mean?
Looking only for informed views on this specific question. Thx!
In links below Mohamed El-Erian says that the liquidity shall continue until the FOMC “loses control over long-term bond yields.”
https://www.theinstitutionalriskanalyst.com/post/don-t-fight-the-fed-yet
My question is what does "loses control over long-term bond yields” mean?
Looking only for informed views on this specific question. Thx!