Negative bond yields
In an article written by Jamie McGeever and published on Reuters.com website, Andrew Lapthorne, Global Head of Quantitative Strategy at Societe Generale, comments the current policy and the reactions from the market.
"It tells us that policy is not working and that you're storing up a whole load of grief for the future. I'm not convinced the market is particularly happy about the negative rates story. There's no intermediary. You're not forcing anybody to do anything, you're just hoping people take money out of bonds or borrow at a low rate."
Andrew Lapthorne, Global Head of Quantitative Strategy at Societe Generale
To read the article, please visit: www.reuters.com