Source: Trading Economics
We're in good company: half of all the government bonds in the world yield less than 1%. Apparently investors are spooked by what's happening to everything else (stocks, commodities, you name it). Could it change? Sure, the Russians increased their interest rate to 17% from 10.5% overnight. Though that's the kind of interest rate increase nobody wants right now.
On the other hand, Andrew Haldane thinks low interest rates could be with us for the next 40 years or so. Which is fine if you are a borrower - but not so good if you are a bank: Europe's commercial banks will be crushed if that continues. It doesn't look like we're about to escape the gravitational pull of the zero interest black hole any time soon.
Still, at least we'll have a few referenda to distract us from our predicament next year, though events abroad might prove even more distracting in the meantime.