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Recession obsession keeps the mood subdued
Calm returned to global markets on Tuesday as a steadier day for Europe and Asia's bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The bond markets remained the main focus though: 10-year German government bond yields remained below zero and key sections of the U.S. yield curve remained inverted -- where short-term borrow costs are higher than longer-term ones. "The world is looking to fade the risk aversion caused by the inversion of the (U.S.) yield curve," said Societe Generale strategist Kit Juckes, adding that it was anyway difficult to position for a hypothetical recessions.
https://finance.yahoo.com/news/asian-shares-shaky-u-bond-011919246.html?.tsrc=rss
Calm returned to global markets on Tuesday as a steadier day for Europe and Asia's bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. The bond markets remained the main focus though: 10-year German government bond yields remained below zero and key sections of the U.S. yield curve remained inverted -- where short-term borrow costs are higher than longer-term ones. "The world is looking to fade the risk aversion caused by the inversion of the (U.S.) yield curve," said Societe Generale strategist Kit Juckes, adding that it was anyway difficult to position for a hypothetical recessions.
https://finance.yahoo.com/news/asian-shares-shaky-u-bond-011919246.html?.tsrc=rss
