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Hedge fund manager Kyle Bass sees "shallow recession" potentially in 2020- CNBC

Tue, 20th Aug 2019 15:44

Aug 20 (Reuters) - Hedge fund manager Kyle Bass told CNBC onTuesday that he sees a "shallow recession" potentially in 2020,also adding that he thinks U.S. interest rates will follow theglobal interest rates all the way down to zero.

"We're the only country that has an integer in front of ourbond yields. We have 90% of the world's investment-grade debt.We actually have rule of law and we have a decent economy. Allthe money is going to come here," Bass, founder and chiefinvestment officer at Hayman Capital Management, said in theinterview https://cnb.cx/2ZeVfcr.

(Reporting by Kanishka Singh in Bengaluru)

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