JP Morgan says the US ten year bonds could hit 0% in 2021, meaning 1.6% 30 year mortgages.
Oil slips below $55, driving down inflation and defanging the few Fed hawks who don’t want a big rate cut.
German 10-year hits record low of -.65%. Swiss ten year falls below -1%, and the negative Swiss rates extend all the way to the Swiss 50-year bonds, which are at -0.4%.
At this point, if you want the Swiss gov to give you 100 francs in 2069, you have to pay it 122 now. I should start a giant bank vault company and charge only 0.25% a year!
