Skip navigation
Tymoigne -GettyImages-94989168.jpg

Secular Stagnation and Interest Rates

Lack of shared prosperity and high unemployment lead to financial insecurity.

Under the guidance of monetary policy, interest rates have recently reached record low levels. In August 2019, the market value of investment-grade bonds that traded at a negative yield in the United States was $17 trillion (about 30% of the total market value), and almost 70% of Euro government bonds did the same. Even some European junk bonds started to trade at a negative yield in the middle of 2019.1 While the COVID-19 pandemic has reversed the negative yield trend, the


Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).

If you are interested in unlimited article access for one year, please select Annual Subscription below.

TAGS: Investment
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.