Strategists ponder sub-1% yields

Bloomberg/Vivien Lou Chen/6-20-2019

“‘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.

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