Europe’s markets flash warnings as growth woes start to dominate
Recession alarms are ringing around Europe’s bond markets, replacing the previous panic over inflation as investors deal with the threat to economic growth of increasingly tight monetary policy.
By Naomi Tajitsu and Alice Atkins / Bloomberg
Yield curves from Germany to the UK are now the most inverted in decades as investors pile into long-dated bonds for cover. The euro had its worst week since May and the pound fell on concern the Bank of England risks triggering a contraction. Traders rushed to the safety of the dollar.
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