Q3 – 2019

As we move into the 4th quarter of 2019, talk of negative interest rates continues. The recent U.S. Govern-ment’s auction of 30-year bonds on Thursday, October 10 drew a record low yield of 2.17% (source: Bloomberg 10/10/19). This is considered a strong sign of declining investor expectations for economic growth and inflation. The trend is global with the U.K. and Germany also posting record low yields for their respective 30-year bonds (source: Bloomberg 10/10/19).