An article in the Wall Street Journal in 2016 noted: The 2016 rally in government bond prices

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An article in the Wall Street Journal in 2016 noted:
“The 2016 rally in government bond prices has taken U.S. real yields … on the 10-year Treasury … below zero for the first time since 2012.” Does this statement mean that if you had bought a 10-year Treasury note in 2016, in 10 years, when the note matures, the Treasury will pay you less than the price you paid for the bond? Briefly explain.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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