Amid what may end up being the worst two-day wipeout in U.S. stocks on record, the world’s largest and most liquid government-bond market is offering investors some reason for hope when it comes to assessing the likely fallout of the current trade war.

A global recession is looking increasingly likely as the worldwide stock market crash continues following Donald Trump ’s tariffs hammerblow. Financial markets in Britain, America, Europe and Asia went into meltdown again on Friday as panic among investors spread.

Financial markets continued to slide and pushback against Trump's tariffs continues to grow, both in the U.S. and abroad.