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The mysterious investor who bet $2.7 billion on US bonds has appeared and said that the US economy is approaching recession.
As early as June, a mysterious investor made a record-breaking bet on long-term US bonds, causing waves in the ETF market and trading professionals to search for clues to explore the direction of Wall Street. Now, the big name behind this bet has been revealed and he has stated that his economic recession expectations have finally paid off. On Tuesday, Brent Schutte of Northwestern Mutual Wealth Management stated that it was his company that invested $2.7 billion in BlackRock's exchange-traded fund (code: TLT) for US bonds with a maturity period of over 20 years on June 24.
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