The world's richest nations are borrowing for free.

Taken together, the average 10-year bond yield of the U.S.,Japan, and Germany has dropped below 1 percent for the first timeever, according to Steven Englander, global head of G-10foreign-exchange strategy at Citigroup Inc.

That's not good news. The rock-bottom rates, which fall belowzero when inflation is taken into account, show “that investorsthink we are going nowhere for a long time,” Englander wrote in areport yesterday.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.