The World Better Get Used to Negative Rates
U.S. quarters and U.S. dollar bills are arranged for a photograph in New York, U.S. (Photographer: Daniel Acker/Bloomberg)

The World Better Get Used to Negative Rates

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(Bloomberg Opinion) -- Today, around $10 trillion of bonds are trading at negative yields, mainly in Europe and Japan. In the next recession, U.S. interest rates, too, may enter negative territory:...
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