The Trader 

Is there bond trouble ahead?

The Trader

In an interview on CNBC business news TV last Thursday, former Texas Republican congressman Ron Paul added that the US “will join the rest of them and go to total negative rates [joining] the $17 trillion worth of bonds’’ where current yields to maturity are less than zero. Perhaps he’s just crying wolf, and perhaps his timing is completely off, but what we do know is that the trajectory for global interest rates has been lower since 1980 in the US, and a bit later for other nations.

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