Investment Giant Places $2.7 Billion Bet on Recession Amid Cooling US Job Market

A mysterious high-stakes wager on long-term government debt placed back in June has been revealed to have been made by Northwestern Mutual Wealth Management. The $2.7 billion bet on BlackRock’s 20+ Year Treasury Bond ETF (TLT) sent shockwaves through the bond market, prompting speculation about a looming economic downturn. According to Bloomberg Brent Schutte, the […]