Yield Bugs — Brian Romanchuk

Summary:
Joe Weisenthal has been causing a stir on Twitter discussing "yield bugs": people who have an ideological belief that bond yields out to be positive. This Bloomberg opinion piece discusses this, as well as some other comments on negative yields coming to the United States. I have not followed that debate too closely, as I initially assumed that there was not a whole lot of people who believed that bond yields ought to be positive. This is because bond yields are essentially determined by central bank expectations, and there is not a lot stopping central banks from pushing short rates to negative values.... Bond Economics Yield BugsBrian Romanchuk

Topics:
Mike Norman considers the following as important: bond yields, central banking, interest rate setting

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