Market’s $20 Trillion Yielding 1% Shows Austerity Mistaken

Market’s $20 Trillion Yielding 1% Shows Austerity Mistaken

Jin Lee/Bloomberg

For all the concern that governments are taking on too much debt, there may be a shortage of bonds. Barclays Plc estimates that central banks will buy $2.5 trillion of assets considered to be safe this year as they inject cash into the global economy in an effort to stimulate growth.