Investors have piled into bonds such that more than $15trn worth are now negative yielding if held to maturity – a new record.
Global equity markets' abrupt sell-off, a fortnight ago now, emphasised equity markets' fragility in the latter stages of a mature economic cycle.
Downturn risk highest in eight years
Entering a 'monetary policy arms race'
Sustainability, geopolitics and the 'Woodford liquidity crisis'
Global bond yields continue to crash through zero
Bond bears thought their time had come in 2018.
Taking stock of the world's currencies
Global economic cycle is among the longest in history