Alan Greenspan Says It’s ‘Only a Matter of Time’ Before Negative Rates Spread to the US
By News
Published 5 years ago on
September 6, 2019
Share
[aggregation-styles]
CNBC
CNBC
It will not be long before the spread of negative interest rates reaches the U.S., former Federal Reserve Chairman Alan Greenspan said.
“You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Greenspan told CNBC’s “Squawk on the Street” on Wednesday, adding investors should watch the 30-year Treasury yield.
The 30-year U.S. rate traded at 1.95% midday Wednesday. It reached an all-time low last week.
There are currently more than $16 trillion in negative-yielding debt instruments around the world as central banks try to ease monetary conditions to sustain the global economy. The 10-year sovereign bonds in Belgium, Germany, France and Japan — among others — are trading with a negative rate.
“You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Greenspan told CNBC’s “Squawk on the Street” on Wednesday, adding investors should watch the 30-year Treasury yield.
The 30-year U.S. rate traded at 1.95% midday Wednesday. It reached an all-time low last week.
There are currently more than $16 trillion in negative-yielding debt instruments around the world as central banks try to ease monetary conditions to sustain the global economy. The 10-year sovereign bonds in Belgium, Germany, France and Japan — among others — are trading with a negative rate.
By Fred Imbert | 4 Sept 2019
RELATED TOPICS:
Israeli Forces Seize Rafah Crossing in Gaza, Threatening Aid and Putting Cease-Fire Talks on Edge
World /
1 hour ago
Testifying in Hush Money Trial, Porn Actor Stormy Daniels Describes First Meeting Trump
Politics /
1 hour ago
Ohtani Hits 11th Homer and Buehler Returns as Dodgers Clip Marlins for 4th Straight Win
Sports /
2 hours ago
Police Disperse Pro-Palestinian Student Protest in Berlin Amid Europe-wide Demonstrations
World /
3 hours ago
Thief Uses Sleight of Hand to Swipe $255K Tiffany Ring, Cops Say
Crime /
18 hours ago
California Reports the First Increase in Groundwater Supplies in 4 Years
Water /
19 hours ago
Latest
Videos
Politics /
1 hour ago
New York Governor Regrets Saying Black Kids in The Bronx Don’t Know What a Computer Is
National /
1 hour ago
Boy Scouts of America Changing Name to More Inclusive Scouting America After Years of Woes
World /
1 hour ago
Israeli Forces Seize Rafah Crossing in Gaza, Threatening Aid and Putting Cease-Fire Talks on Edge
Politics /
1 hour ago
Testifying in Hush Money Trial, Porn Actor Stormy Daniels Describes First Meeting Trump
Sports /
2 hours ago
Ohtani Hits 11th Homer and Buehler Returns as Dodgers Clip Marlins for 4th Straight Win
World /
3 hours ago