World News: 09:33 GMT Thursday 30th May 2019. [Yahoo Business News Feed via SPi World News]
The fund manager is shorting U.S. two- and five-year notes on expectations growth in the world’s biggest economy will remain robust, according to Adam McCabe, Singapore-based head of fixed-income for Asia and Australia. Aberdeen’s conviction comes even as Treasury 10-year yields have dropped to the lowest since 2017 and a key part of the yield curve has inverted, signaling the U.S. may be headed for a recession.
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