Treasury Bonds Real Interest Rates Go Negative as Yields Dip Below Inflation on Panic Safe-haven Buying
Hardly anyone’s noticed, but the frenzy of safe-haven bond-buying has just pushed real yields on US Treasuries below zero.
http://www.marketoracle.co.uk/Article2797.html
“Call it spite if you must. But if the world’s No.1 currency – and the world’s No.1 source of debt finance – both fail to outstrip inflation, investors will slowly go mad. Mad enough, in fact, to buy a mere lump of metal, used as a store of value for more than 5,000 years, that still pays precisely zero.“
