Bloomberg/Stephen Spratt, Ruth Carson, and Dana El Baltaji
“The entire U.S. yield curve fell below 1% for the first time in history as rising expectations that the Federal Reserve will cut policy rates to zero in the coming months drove investors to reach for longer-dated securities.”
USAGOLD note: In nominal terms, it looks pretty bad for savers. In real terms, when the inflation rate is taken into consideration, it looks even worse. This article concludes that we are going below zero on rates.
Chart courtesy of the St. Louis Federal Reserve [FRED] Source: Board of Governors of the Federal Reserve System (US)
Repost from 3-12-2020
