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Next inverted yield curve may be different: Pimco CIO

Recession signal's power is sapped by unprecedented central-bank moves, says Dan Ivascyn.
Saturday, June 24, 2017 - 05:50

SOME see it as an almost surefire economic law: an inverted yield curve, when long-term bonds yield less than short-term debt, signals a coming recession.

That may not hold true in today's world of unprecedented central-bank economic intervention, according to Dan Ivascyn, Pacific

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