Actually, negative rates have already reached America’s shore, albeit in selected bond markets for specific maturities. Current “real” yields for inflation-indexed Treasuries for the 7- and 10-year maturities have dipped below zero in recent days. It’s not the first time that the TIPS market has trafficked in negative rates, but in the current climate it’s impossible to ignore the burning question: Is this a preview for US yields generally?
Daily Archives: August 29, 2019
Macro Briefing | 29 August 2019
Hurricane Dorian set to hit Florida this weekend: CNN
China says it won’t immediately retaliate against latest US tariffs: Bloomberg
China sends new army troops into Hong Kong: CNBC
Global bond yields flirt with record lows: Reuters
Democratic presidential field continues to narrow: NBC
US carried out cyberattack on Iran to thwart attacks on oil tankers: NY Times
German joblessness rises for fourth month in August: Bloomberg
30-year Treasury yield remains below 2.0% for a second day: