Expect a lot of volatility as we go forward, says Allianz's Mohamed El-Erian

So would you have a target in mind for maybe the back half of the year. >> Yeah, I think we will see it going back towards four four and a half and when we get closer to that, you'll hear something from the administration that will be very worried about the mortgage issue in the context of the affordability issue. You'll hear more about some form of yield curve control.So I think we are in a range from 4 to 450 with the average being closer to 450 than it is to four. Muhammad, you know, if you were a PM rig ...