Presenting The NIRP Club

If Krugman is to be believed, the state of global sovereign nation balance sheets must be excellent as there are now 12 major nations with 2Y interest rates below 1.00% with 4 of those nations having joined the Negative-Interest-Rate-Policy (NIRP) club.

Canada, Sweden, USA, UK, Japan, France, Austria, and Finland are all currently below 1.00%

Holland, Germany, Denmark, and Switzerland are all currently negative.

Charts: Bloomberg