Mises Wire
Author:
L. Dwayne Barney
Paul A. Cleveland
Online Publish Date:
Listen to the Audio Mises Wire version of this article. Presently there are trillions of dollars of bonds throughout the world with negative interest rates. This is an unprecedented turn of events, and one that has many nonprofessional investors confused. Savers are understandably puzzled as to how it is possible for bonds to carry negative