Show less
Why I’m trading USDCAD: Coleman
Ian Coleman - First 4 Trading
2 hours ago
Technical analysis webinar - A view at the market
Kim Cramer Larsson
Yesterday at 14:12 GMT
Trading tips week 43 - technical analysis: Kim
James Kim@Saxo
Yesterday at 9:17 GMT
Why I'm selling AUDUSD: Lambert
Clive Lambert - FuturesTechs
Friday at 7:40 GMT
Technical analysis of a long FTSE 100 trade: O'Hare
Steve O'Hare - First 4 Trading
Thursday at 7:19 GMT
China is improving: Moltke-Leth
Wednesday at 9:16 GMT
Technical analysis of a EURGBP trade: Coleman
Ian Coleman - First 4 Trading
18 October 2016 at 6:49 GMT
BoJ prepares for helicopter money — #SaxoStrats video
Steen Jakobsen
17 October 2016 at 11:30 GMT
Video / 21 June 2016 at 13:23 GMT

How to deal with negative interest rates: Jakobsen

Steen Jakobsen
How best to deal with zero or even negative interest rates? This is a unique situation, but according to Saxo Bank chief economist Steen Jakobsen, there are several ways to play the negative yield curve.

Jakobsen is overweight US fixed income. He thinks that the Federal Reserve is impairing the capability of the US economy to heal due to its efforts to hike interest rates. In particular, he thinks that the 30-year Treasuries are attractive.

Jakobsen is also looking at gold. It has zero carry and remains a go-to safe haven currency.

Finally, there are also a lot of undervalued stocks that Jakobsen likes. He is favourable to the mining industry, pharma and the technology sector.

Overall, he thinks that it is important to be extremely defensive.


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail