To: Maurice Winn who wrote (147683 ) 4/10/2019 6:38:48 PM From: TobagoJack Respond to of 217572 Feels about so, this bullish for stocks, because real estate market is more naturally-self-limiting than not, and gold market is ‘too small’ unless either price increases (to ‘enlarge’ the physical market) and/or paper-gold market experiences more printingbloomberg.com A Black Hole Is Swallowing Global Bond Yields A worldwide debt rally leads financial commentary. Robert Burgess April 11, 2019, 4:20 AM GMT+8 Bond yields can't escape the gravity of a global economic slowdown. Photographer: NASA/Hulton Archive/Getty Images An astrophysicist who worked on the Event Horizon Telescope project that released the first image of a super-massive black hole said “it feels like looking at the gates of Hell , at the end of space and time, the point of no return.” That also sounds like an apt description of the bond market these days. Yields on government bonds worldwide tumbled again on Wednesday as central bankers doubled down on their dire economic outlook. Yields on German bunds fell further below zero, adding to the $9.91 trillion global amount of debt with negative yields — a concept almost as incomprehensible as the inner workings of a black hole. Yields on bonds of the U.S., Canada, U.K., France, Italy and Spain also fell, along with many others. At a recent 1.82 percent, the yield on the Bloomberg Barclays Global Aggregate Bond Index has fallen from last year’s high of 2.27 percent in early November. The index has gained 4.31 percent since then, topping the 4 percent increase in the MSCI All-Country World Index of equities. Up first Wednesday was European Central Bank President Mario Draghi, who warned that the euro-area economy — which has basically stalled — faces accumulating risks . Gone was the optimistic Draghi of last year, who back then was talking about needing to withdraw from its extraordinary stimulus efforts by now. The Federal Reserve didn’t do anything to bolster confidence when the minutes of its last monetary policy were released Wednesday afternoon and showed that policy makers last month grappled with “significant uncertainties” and persistently low inflation as they scrapped forecasts for interest rate hikes in 2019.