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Bonds Send Same Ominous Signs No Matter Where in World You Look

  • Average yields on euro debt due within 5 years turn negative
  • Global growth and inflation may remain tepid for years
A securities brokerage in Mumbai, India.
Photographer: Dhiraj Singh/Bloomberg
Updated on

That’s not just because fixed-income types are a dour bunch at the best of times. A quick scan across government debt markets suggests that investors are pricing in the likelihood that growth and inflation around the world will remain tepid for years to come.