By Olumide Owolabi, Portfolio Manager, Global Fixed Income Team
The Fed seems more likely to focus on a range of policy tools.
Neuberger Berman's Global Fixed Income team recently conducted a roundtable discussion focused on the unprecedented dynamics of negative interest rates. We examined historical precedents in an effort to better understand potential costs, benefits, effectiveness and short- and long-term implications of central bank negative rate policies. Most importantly, we considered not only the possibility of the Federal Reserve adopting a negative interest rate policy (NIRP), but also whether the U.S. Treasury yield curve is