Kochugovindan: US Growth Resilient Despite Energy Shocks
U.S. economic growth remains resilient despite energy shocks, according to Aberdeen Investments economist Sree Kochugovindan. Meanwhile, bond yields have reached multi-decade highs following strong economic data and weak Treasury auction demand.
Global bonds were selling off again as traders ramped up bets on further Fed rate hikes after strong US economic data and weak demand at a Treasury auction pushed yields to multi-decade highs. Sree Kochugovindan, Senior Research Economist at Aberdeen Investments spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa on the US growth. (Source: Bloomberg)
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