Nothing is stopping the U.S. from getting sucked into the global trend of negative yielding debt, former Fed Chairman Alan Greenspan toldBloomberg, adding that “zero has no meaning, beside being a certain level.”
With global central banks engaging in unprecedented monetary easing, a record $15T of government bonds worldwide now trade at negative yields.
The U.S.-China trade war is further putting pressure on the 10-year Treasury note, which nearly inverted on Tuesday with the 2-year Treasury note, a historic recession indicator.
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