Government bonds around the world are seeing lower yields, so is money getting scared about the global outlook?
There’s many parts to the trade of finding returns on money. When economies are doing well we see shifts out of bonds to riskier assets like stocks. When economies do worse then the safety of bonds picks up. Things get messier when you have to factor in extraordinary monetary policy around the globe. From a wide look it seems that most major economies are circling around a negative rate cycle.