Bond yields to hit fresh lows as world recovery wilts, growls Saxo bear

If you thought I was gloomy about the state of the global economy, try Steen Jakobsen from Saxo Bank. There will be no further recovery. We have already enjoyed the good times for this cycle. It is downhill from now on, or at least very soon. The rise in average 1-year rates from 1.50pc to [...]