One by One, Global Bond Markets Are Flashing the Same Warning
- It’s ‘very unlikely’ the Fed will raise rates again: Antares
- Bond yields in Australia, New Zealand drop to record lows
This article is for subscribers only.
Wherever you look in developed markets, sovereign bond yields are at their lowest levels in years as traders ratchet up bets that major central banks will be easing.
Yields in Australia and New Zealand dropped to record lows after a closely-watched part of the U.S. curve inverted on Friday as investors wager that the Federal Reserve will need to cut rates. Trading volumes in Treasury futures were double the norm during Asian trading, while Japan’s 10-year yields fell to the lowest since 2016.