Strategists ponder sub-1% yields
“‘If we’re in a world where the Fed is seen as returning to the zero lower bound, and then starting another QE program, that could easily be enough to push 10-year yields below 1%,’ Hill said in an interview. ‘Although not our base case, it is possible that scenario could play out in the next 12 to 18 months.'”
USAGOLD note: And where would gold be priced in a sub-1%, QE-saturated world? We will leave that for our readers to contemplate. This article runs through how a number of bank-based economists see that kind of world.