Here are some thoughts and opinions on negative nominal interest rate. I am not economist versed in fiscal or monetary policy by trade so I only seek to write to share some perspecitves. June 2019 - Negative Interest Rate Bound Thoughts: Yields can always go more negative (especially on a relative basis) but the sensitivity … Continue reading Prelim Thoughts on Negative Interest Rate and Implication of Housing CAPEX
Investment Theses: Long-dated Gov’t bonds will no longer be an effective diversifier
As the global banking system continues this trend of further benchmark yield compression close to and/or below zero % yield, it's worth thinking about the implications the importance and direction of holding long-dated government bond as a portfolio diversifier. My take on this whole global yield compression is (1) we will likely continue to go … Continue reading Investment Theses: Long-dated Gov’t bonds will no longer be an effective diversifier
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