JUSA - NIRP And TINA

• Up until the last decade, negative interest rates were the stuff of abstract theory. Today, the volume of fixed-income securities trading with yields below zero runs to $16.5 trillion, having grown steadily over the past two months with the renewed rally in global bond prices.
• Expectations of faster growth - and faster inflation - drove a sharp rise in yields during the first three months of 2021. But then that sentiment seemed to shift. Rather than focusing on the growth taking place in the present, the narrative shifted to the potential peak growth coming up.
• Low interest rates are unappealing to investors. Where do you go if you want some preservation of purchasing power for your hard-earned capital? Equities, and other instruments with higher income streams from dividends and the potential for capital appreciation.

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