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Retreat of Negative Rates Isn’t an All-Clear for Investors: Mohamed A. El-Erian - Harborside Partners Inc
A large-scale retreat by central banks from ultra-low rates and accommodating balance sheet policies does not appear imminent. (Bloomberg Opinion) — Negative-yielding government bonds have been a significant force for a superb year of investment returns for both stocks and bonds, and many are welcoming their recent decline as an indicator of what will support …