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Money

Shares fall steeply in Asia as financial markets rocked by recession warnings – business live


A sharp rally in government bonds set fresh records on Thursday, with the yield on 30-year US government bonds falling below 2 per cent for the first time as investors sought safety amid growing fears over the global economy.

Traders have dumped riskier assets such as stocks and crude oil and moved into perceived “havens”, including bonds, sending their yields lower. On Wednesday a closely watched metric in the US government bond market turned negative, raising new recession concerns. That indicator, the yield curve, remained inverted in Thursday morning trading in London.



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