Most Central Banks are now at 0% or NEG% overnight rates. Here’s a composite of G10 overnight rates.

2/ Most central banks are also engaged in QE. Here's balance sheet/GDP for $USD, $EUR, $JPY $GBP pic.twitter.com/jqvXz3g6AC

— IceCap (@IceCapGlobal) October 30, 2020

4/ another consequence has been a gradual decline in yield produced by investment grade bonds. This means less "safe" income for conservative investors. This chart shows how the yield for $LQD has declined steadily over the last 10 years. pic.twitter.com/Q1NeyS3Mco

— IceCap (@IceCapGlobal) October 30, 2020