Wednesday August 25, 2010
Federal Reserve Bank of Chicago President Charles Evans said he was concerned about the strength of recovery in the U.S., though a return to recession was unlikely.
“The wheels are coming off the recovery,” said Keith Springer, president of Springer Financial Advisors in Sacramento, California.
Earlier, a Bank of England policymaker said the UK risked sliding back into recession, adding to broader risk aversion. The comments drove 10-year British government bond yields near record lows and 30-year German Bund yields to all-time troughs as investors sought refuge in government debt. Bond yields move inversely to prices.
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