U.S. Markets closed

We haven’t seen interest rates this low since before Hammurabi, so what bonds should you buy?

Howard Gold
We haven’t seen interest rates this low since before Hammurabi, so what bonds should you buy?

A couple of weeks ago Jim Bianco, president of Bianco Research, posted that Swiss two-year bonds, yielding negative 0.91%, were close to their all-time lows below negative 1.0 %, which they hit back in 2015. As negative interest rates spread even to emerging Europe, they’re signaling slowing economies or incipient recessions on the continent. In interconnected global markets, the yields on 10-year U.S. Treasury notes (BX:TMUBMUSD10Y)  also could head lower as investors, desperate for yield, any yield, pile into U.S. bonds.