News analysis

Asian debt markets take cue from slide in US, Britain

Major Asian debt markets slide as investors take stock of the damage wrought by the Sino-American trade war.PHOTO: ST FILE

The inverted yield curve looks set to be a global phenomenon, with major Asian debt markets primed to mirror the moves in Treasuries as fears grow that the world economy is teetering on the brink of a recession.

Yields in Singapore, Australia and Japan are tracking the slide in their United States and United Kingdom peers as investors take stock of the damage wrought by the Sino-American trade war.

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A version of this article appeared in the print edition of The Straits Times on August 16, 2019, with the headline 'Asian debt markets take cue from slide in US, Britain'. Subscribe