From Contrarian Outlook: They call it the “silent wealth killer” for a reason: it takes the 2.2% yield you’d get from say, a 10-year Treasury note today and almost completely wipes it out.
And if this hidden threat perks up even a little bit (as it’s certain to do), it will push your average Joe (or Jane) into negative yields, no matter if they’re playing it “safe” in Treasuries or CDs or holding tight to the big names of the S&P 500.