The US-China trade war is raging on, and the latest red flag for global growth shows no sign of abating. Those fears are gripping investors on Wednesday as global stock markets dip, while US futures are set for a flattish open.
Yields on short-term government bonds rose, while those on long-term bonds plumbed new lows, as investors bet on lower growth in the future.
The 30-year Treasury yield also fell to a record low of 1.906%.