{podcast} Recession or hard landing fears have taken a firmer hold on most markets in the past 24 hours. Benchmark government bond yields have fallen by 13-15bps in Europe and the US, commodity prices such as oil and copper have extended their APAC session weakness while the AUD has fallen to low of 0.6881, just shy of its May 12 year-to-date and two-year low. The US equity market is reading off a slightly different script, US equities ending the New York session little changed, though the S&P500 did end more than 1% off from where it was two hours before the close. There were some chunky moves in equities, ... (full story)