FILE PHOTO: Kyle Bass, founder of Hayman Capital Management, speaks during the Reuters Global Investment 2019 Outlook Summit in New York, U.S., November 14, 2018. REUTERS/Brendan McDermid
(Reuters) – Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a “shallow recession” potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the way down to zero.
“We’re the only country that has an integer in front of our bond yields. We have 90% of the world’s investment-grade debt. We actually have rule of law and we have a decent economy. All the money is going to come here,” Bass, founder and chief investment officer at Hayman Capital Management, said in the interview cnb.cx/2ZeVfcr.
Reporting by Kanishka Singh in Bengaluru