Bond Markets Test Federal Reserve Ahead of Jackson Hole

Market commentators are suggesting that bond markets may be challenging the Federal Reserve by pushing longer-term yields higher, according to Mohamed A. El-Erian.

In a recent observation, El-Erian noted that several market commentators will likely point out that bond markets are 'testing' the Fed ahead of Chair Warsh's Jackson Hole remarks on Friday.

However, El-Erian also pointed out that specific market indicators supporting this perspective remain to be clarified.