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Story summary
- Mohamed El-Erian warned at the Ambrosetti Forum that the global government-bond sell-off will continue.
- He said yields on major government bonds have risen to multi-decade highs.
- He noted U.S. Treasury yields fell slightly across the curve on Friday morning.
- He observed China, Japan and Gulf states are less willing to buy U.S. Treasurys.
- He warned the United Kingdom, Japan and France face heightened sovereign-debt risk.
