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Global Bond Market Sounds Shrillest Alarm Yet Over the Economy

  • Germany’s yield curve is the flattest since financial crisis
  • India, New Zealand central banks deliver aggressive rate cuts
RF Markets Global

Source: Getty Images

Updated on

The global bond market is sounding the alarm that things won’t be able to carry on much longer before a recession strikes.

Germany’s yield curve is now at its flattest since the financial crisis -- and yields across the world are slumping to fresh lows -- in a cacophony of signs that investors are growing increasingly pessimistic about the outlook for the world economy. Central banks from New Zealand to India have responded by surprising markets with their efforts to boost stimulus.