February 9, 2016
Investors are beginning to consider the possibility of a U.S. recession, putting downward pressure on Treasury yields, Hiroshi Yoshida, senior portfolio manager at MassMutual Life Insurance, says in interview.
Central banks are running into diminishing returns from their use of easy monetary policies, seven years after first championing quantitative easing to save the world from depression.
Global stocks tumbled toward a bear market as measures of financial-market volatility rose amid concern that global growth is stagnating at the same time that promises of additional central-banks stimulus have done little to bolster investor confidence.
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