LONDON (Reuters) – Calm returned to global markets on Tuesday, with gains on European and Asian bourses and a tick higher in benchmark bond yields helping to soothe nerves after a jarring few days dominated by worries of recession.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 21, 2019. REUTERS/Staff
European shares were winning the battle to avoid a fifth day of losses [.EU], Wall Street futures were pointing higher [.N]and even Turkey’s lira seemed to have stepped off its latest rollercoaster ride.
However, the bond markets remained the main focus: 10-year German government bond yields remained below zero and key sections of the U.S. yield curve were still inverted, meaning short-term borrowing costs are higher than