Why are Interest rates falling? Time to buy?

We have seen an amazing fall in interest rates.

Bonds have looked to put in a local bottom.

Why are bonds showing signs of accumulation?

Is the bond market pricing in a recession?

I believe the recent decline in yields is due to commodity weakness.

Yields have soften because energy & base metals have become cheaper.

This drives the disinflationary narrative.

I think its to early to tell whether this decline is from demand or global weakness.