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How Fears of an Inverted Yield Curve Could Be Self Fulfilling

  • Banks pulling credit may presage recession: TwentyFour AM
  • Inversion may be a ‘self-fulfilling’ prophecy: Holman
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Bankers fretting over economic doom from an inverted U.S. yield curve may be creating a “self-fulfilling spiral” that derails growth.

That’s the warning from Mark Holman, chief executive officer of TwentyFour Asset Management, a London fixed-income fund overseeing 13.5 billion pounds ($18 billion).