Negative rates pushing savers up the risk curve

Fri, 11 Sep 2020

Central bank stimulus is turning interest rates negative and forcing investors and savers to take more risks just to keep in touch with asset price inflation. On Wednesday, the three-year government bond closed the day with a negative yield for the first time ever. This move was the market predicting the Reserve Bank is set to cut the official cash rate below zero as it pursues unconventional monetary policy. Head of fixed income at Fisher Funds David McLeish said this posed the biggest challenge savers and investors had faced in a lon...

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