Countdown

  • SENSEX
    NIFTY 50
VIDEOS
Economy

We are living in a world where central banks are net sellers of treasuries, says Russell Napier

Updated : May 22, 2018 10:44 PM IST

We are living in a world where central banks are net sellers of treasuries, said  Russell Napier of the Electronic Research Interchange (ERIC).

“The central bankers do not have to sell anything to buy treasuries and fund the government. They print something,” said Napier.

I am worried about a world where something has to be liquidated to fund the government, he said.

“For my entire investment career the US government has been primarily funded by foreign and local central banks,” added Napier.

Talking about the US bond yield, he said that we are quite close to the peak on the US bond yield.

"It’s an incredibly attractive level for many investors all over the planet obviously mainly due to the incredibly low level of yields in Japan and euro zone and therefore, it begin to attract investment,” said Napier.

Read More: Central banks currently net sellers of treasuries, says Russell Napier
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV