Global stocks rattled, oil sinks as bond markets scream recession
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TOKYO/SYDNEY (Reuters) - Asian stocks stumbled and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could portend a recession globally.Spooked investors stampeded to the safety of sovereign debt and drove yields on 30-year Treasuries to all-time lows at 1.965%. Yields have now fallen a staggering 60 basis points in just 12 sessions to pay less than three-month debt.Yields on 10-year paper dropped to 1.545%, taking them..