Tokyo — Asian stocks slid and oil prices extended a punishing sell-off on Thursday as investors feared a historic drop in long-term US bond yields could prove a herald of recession globally.
Spooked investors stampeded to the safety of sovereign debt and drove yields on 30-year treasuries to record lows at 1.97%. Yields have now fallen a staggering 60 basis points in just 12 sessions to pay less than three-month debt. ..
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