halloween came early to the global bond markets this past week temporarily spooking stocks with the specter of tighter centralbank policies leading to slower economic growth but this time the equity market didn’t fall for the trick and realized that the treat of easy money isn’t about to be snatched away the sp 500 and nasdaq composite set new records once again the scare was generated by the flattening of the yield curve the graph of yields of government notes and bonds of increasing maturity in normal times this