Alan Greenspan says it’s ‘only a matter of time’ before negative rates spread to the US
- “You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Alan Greenspan says.
- There is currently more than $16 trillion in negative yielding debt around the world as central banks try to ease monetary conditions to sustain the global economy.
It will not be long before the spread of negative interest rates reaches the U.S., former Federal Reserve Chairman Alan Greenspan said.
“You’re seeing it pretty much throughout the world. It’s only a matter of time before it’s more in the United States,” Greenspan told CNBC’s “Squawk on the Street ” on Wednesday, adding investors should watch the 30-year Treasury yield.
The 30-year U.S. rate traded at 1.95% midday Wednesday. It reached an all-time low last week.
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