Global Bond Yields Fall to Two-Year Low as Slowdown Fears Grow

Global bond yields slid to a two-year low this week due to concern over slowing growth in major economies and increasing expectations for interest-rate cuts.

The average yield on a broad gauge of investment-grade government and corporate debt has fallen to 3.3%, the least since September 2022, according to the Bloomberg Global Aggregate Total Return Index. Sentiment over the world’s growth outlook deteriorated further this week as oil slumped and deflation fears intensified in China.

“Concerns that China and now the US economy could be tipping into recession are driving this decline in global ...