Economics
Greenspan Can’t Rule Out Negative Rates on 30-Year U.S. Bonds
- ‘There’s really not a limit on how low the yield can go’
- Former Fed chief spoke on 94th birthday as rates crumbled
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Just before leaving work early on his 94th birthday Friday, former Federal Reserve Chairman Alan Greenspan gave a stark reminder of just how weird the U.S. Treasury market has gotten.
Yields on 30-year bonds, he said, could go negative, joining more than $14 trillion of debt worldwide that already sports a rate below zero.