LONDON (Reuters) - Hedge funds are doubling down on their bets that the
U.S. yield curve will steepen, just as it flattens to within 20 basis
points of inversion, historically a sure-fire indication that the
economy is headed for a slowdown.
Whether slowdown morphs into recession, as every curve inversion in the
last 45 years has reliably predicted, is almost irrelevant for those
betting on the shape of the curve. What matters is theyre on the wrong
side of the trade and losing money. Fast.
https://uk.reuters.com/article/uk-gl...-idUKKCN1LD1JS
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Bod