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Negative rates in the US is 'no longer absurd to think,' PIMCO says

Negative yields could be coming to the U.S. Treasury market during the next downturn. Or so says PIMCO’s Joachim Fels. In a post on PIMCO’s blog published Wednesday, Fels, the firm’s global economic advisor, writes that, “It is no longer absurd to think that the nominal yield on U.S. Treasury securities could go negative.” Yahoo Finance's Myles Udland discusses the implications on the Final Round.