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06-27-2016, 09:17 PM
Brits might start hoarding cash like it's the end of the world
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Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer.
“Storing physical cash as an alternative to paying negative interest rates does look increasingly attractive,” Chief Financial ******r Immo Querner said in an interview
The aftershocks of the U.K.’s vote to leave the EU continue to reverberate across financial markets, with the pound extending its sell-off near a 31-year low and yields on 10-year German government bonds dropping to minus 0.08 percent on Monday.* Read more... (http://mashable.com/2016/06/27/brexit-cash-vaults/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Investors will consider hoarding cash in vaults as government bond yields fall deeper into negative territory following the U.K.’s vote to leave the European Union, according to Talanx AG, Germany’s third-biggest insurer.
“Storing physical cash as an alternative to paying negative interest rates does look increasingly attractive,” Chief Financial ******r Immo Querner said in an interview
The aftershocks of the U.K.’s vote to leave the EU continue to reverberate across financial markets, with the pound extending its sell-off near a 31-year low and yields on 10-year German government bonds dropping to minus 0.08 percent on Monday.* Read more... (http://mashable.com/2016/06/27/brexit-cash-vaults/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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