.
Besides growth concerns, the investment manager instead sees other factors that have contributed to the phenomenon of long-term yields falling below their short-term counterparts.
“Given where our unemployment rate is currently, [a recession], holding all else equal, shouldn’t be much of a concern,” he said. The decline in yields, reflecting higher debt prices, can indicate bond investors anticipate lackluster growth, in turn, and subdued concerns about inflationary pressures that would erode fixed-income gains.Read: This time, an inverted yield curve suggests the stock market has already peaked, some analysts say
He doesn’t believe it. He just wants to get out first.
Because his firm makes more $$$ peddling equities? MothMeetFlame
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Source: CNBC - 🏆 12. / 72 Read more »