Bond yields are flashing amber about the future

Their rise globally despite rates being cut suggests investors are sceptical about growth. Also, central banks may have reason to ponder about what these defiant moves mean for policy

- 

There are perhaps as many answers to the question of what explains the growing disconnect between central bank actions and long-term bond yields, as there are economists and market players. Some would attribute it to ballooning public debt, especially in advanced countries and hence the markets’ acknowledgement of fiscal realities dominating all other concerns.