The former Fed chairman told Bloomberg that the 0% threshold 'has no meaning,' and that there is 'no barrier for US Treasury yields going below zero.'
Former Federal Reserve Chair Alan Greenspan told Bloomberg Tuesday he wouldn't be surprised to see US Treasury bonds hit negative yields, adding that such a move wouldn't be all that significant. "There's no barrier" for the bonds to hit such rates, and"zero has no meaning, besides being a certain level," Greenspan said.
Former Federal Reserve Chair Alan Greenspan told Bloomberg Tuesday he wouldn't be surprised to see US Treasury bonds hit negative yields, adding that such a move wouldn't be all that significant. "There's no barrier" for the bonds to hit such rates, and"zero has no meaning, besides being a certain level," Greenspan said.
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