Negative interest rates are coming to the US, a CIO overseeing $270 billion says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Negative interest rates are coming to the US, a CIO overseeing $270 billion says

means companies that would normally be shut out of credit markets in times of market stress are instead able to access the debt markets and raise money, helping them potentially avoid bankruptcy.

In March, $262 billion in investment-grade debt was issued, breaking the previous May 2016 record of $168 billion. And in April, the March record was surpassed by a record $285 billion in new such debt issues. By merely announcing its intentions, not acting on them, the Fed shored up the credit market, Minerd said.

"Amazingly, the Fed ended up buying only a small amount of Treasury debt during that period. The reason, of course, is that the market perceived that the Fed had given Treasury investors a put. Any time rates began to approach 2.5 percent, investors would step in and start buying because there was very little downside. A similar dynamic is at work right now in the credit markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

who wants to meet me? 💄

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Four alt lenders are approved for CBILS - Business Insider - Business InsiderThe British Business Bank has approved nine lenders for the Coronavirus Business Interruption Loan Scheme, four of which are fintechs. if u need satisfy maybe i can help you with my videos 💞 With a business plan that lays emphasises on your business model and tailored for investment & loans applications. It's time to request for one now or recommend to a friend or colleague. Call/text 08137804774.
Source: BusinessInsider - 🏆 729. / 51 Read more »

White House advisers expect unemployment rates to continue to rise - Business InsiderAs one advisor said the numbers for May are likely to be 'very difficult,' another said the next jobs report could see unemployment rates nearing 20%. Why is it the Trump circus Admin all speak of what they think, never what they know? Just like the virus itself, the economic avalanche is just starting and will takeout a lot innocents. Just like the great gop recession of 2008....years of loss.
Source: BusinessInsider - 🏆 729. / 51 Read more »