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These Investors Are Highly Concerned About A US Recession – Even After Recent Good News
In a development that's noteworthy, but not wholly surprising, US credit investors are concerned about a recession.
How concerned, you ask? Well, the perceived recession probability in a new survey of BofA clients is 25% over the next 12 months, which the bank's Hans Mikkelsen notes is "the highest since the previous record of 23% from July 2016 when we first asked that question".
The September edition of the survey polled more than 100 money managers, insurance companies, hedge funds, pension
