JPMorgan, Pimco Say Bond Market Is Underestimating Slowdown Risk
Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy.
By Michael MacKenzie, Ye Xie · Bloomberg Markets
Some of Wall Street’s biggest bond-fund managers say financial markets are underestimating the risk that the US war in Iran will cause a sharp slowdown in an already sputtering economy.