Many people believe that negative interest rates are the ailment of Europe and Japan, and that they will never materialize in the United States. But this is not true. They are already present in America. Can't believe it? Please take a look at the chart below. As one can see, the yield on the U.S. 10-year inflation-indexed Treasury has dived below zero at the turn of August and September. Hence, although nominal interest rates are still positive in America, the real interest rates have turned negative for a while recently. By the way, the chart also shows that the real bond yields have been gradually declining in ... (full story)