NIRP Arrives: Treasuries Trade With Negative Yield

Mar 15th 2020 10:45pm EDT

NIRP Arrives: Treasuries Trade With Negative Yield With the Fed’s cutting rates three days ahead of the regular Wednesday FOMC announcement by 100bps to 0%-25bps, while also announcing a fresh $700BN QE as well as enhanced FX swaps, panic is in the air as reflected in the S&P futures which have been locked limit down […]

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