The yields on long-term global treasury bonds have fallen below those of short term global treasury bonds, a major warning of a coming global recession.
The average yield on sovereign debt maturing in 10 years or more is now less than the average yield on securities due in one to three years, Bloomberg’s Global Aggregate bond sub-indexes demonstrate. This is the first inversion of the global yield curve to occur since Bloomberg began collecting data at the beginning of the millennium, Yahoo! Finance reports.