"Record-breaking Disinflation Spurs Global Bond Rally and Stock Market Pause"

Global markets are experiencing a boost as disinflationary pressures drive record-breaking performances in stocks and bonds. The S&P500 and Nasdaq 100 are nearing all-time highs, while the tech giants have doubled in value this year. The drop in UK inflation has led to a surge in British markets and speculation of a rate cut by the Bank of England. This has also caused 10-year US Treasury yields to fall to their lowest since July. The bond boom has spread globally, with German and Italian yields reaching new lows. Despite some central banks pushing back against rate cut expectations, demand for long-duration bonds remains strong.