The Treasury market seems to be losing its appeal as a safe-haven investment, Mohamed El-Erian told CNBC.
Assets that aren't usually deemed as risk-free, such as bitcoin and equities, are becoming the new safe havens.
AdvertisementAdvertisementThe Treasury market is losing its appeal as a safe haven, Mohamed El-Erian told CNBC on Thursday.
Traders' faith in the bond market has only plummeted since, amid the fear of higher interest rate risks, El-Erian said.
Speaking with CNBC, he acknowledged that any long-term lack of Treasury buyers could force the Fed to begin adding bond assets to its balance sheet.
Persons:
Mohamed El, Erian, —, outpace Treasurys, resiliency
Organizations:
Treasury, CNBC, Service, Traders, Federal Reserve
Locations:
Israel, bitcoin