A huge amount of government bonds are trading at negative rates, which means that holders expect to lose money, and yet they buy them. But this may not mean much: the level of interest rates seems to bear little influence over the economy. The shape of the yield curve is far more important.
A huge amount of government bonds are trading at negative rates, which means that holders expect to lose money, and yet they buy them. But this may not mean much: the level of interest rates seems to bear little influence over the economy. The shape of the yield curve is far more important.
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