The 2020's: A decade of Inflation

[Dosser]

   
The Singapore yield curve has been largely inverted for some time but is now even more extreme, with 1 month at 4.819% but 30 year at 2.731%:

http://www.worldgovernmentbonds.com/coun...e_vignette

Almost all of the yields from 5 year out are less than 3% and have been falling over the last month. The bond market seems to be signaling a severe recession and consequent fall in long term inflation expectations.

Personally, I am happy to scoop up short term bonds at yields that haven't been seen in Singapore for many years. Otherwise I largely sit on the sidelines waiting to see what happens. I wish that I bought more gold mining stocks than I did, while aware that this sector is always a wild ride and the current recovery could go into reverse in a heartbeat.