Financial Times/Colby Smith
“Some US investors are girding themselves for the once-inconceivable prospect that the 10-year Treasury yield could be headed towards zero, as this year’s giant rally in bonds shows few signs of easing.”
USAGOLD note: In this follow-up to this morning’s Bloomberg report (scroll below), the consensus is that the U.S. will not follow Germany and Japan into the black hole below zero. Who would have thought five years ago, though, that Germany would have tumbled into the nether depths?
Repost from 9-4-2019
