Concerns about a U.S. economic recession are intensifying, and most safe-haven assets are rising

ChainCatcher message, as concerns about a U.S. economic recession grow, most safe-haven assets such as U.S. Treasuries and the yen rose in early Asian trading.

Tapas Strickland, head of market economics at the National Australia Bank, said: "Headlines about rising recession risks (from low levels) are everywhere. It's no surprise that U.S. Treasury yields are falling." Market pricing for a Federal Reserve rate cut has increased, with the market pricing a cut of 81.6 basis points by the end of 2025, up from 70.7 basis points last Friday.