Why bonds, not stocks, could predict the next economic crisis in the US | Financial Markets

United States President Donald Trump’s tariffs have roiled financial markets globally.

But while Trump’s trade salvoes have sent stock markets on a rollercoaster ride, it is the turmoil in the bond markets – specifically the fall of bonds in tandem with stocks – that has prompted the most concern among economists.

What are bonds?

Bonds are a type of investment that involves the buyer lending money to a government or corporation for a specified period.

In return for their investment,…