As per the post below, central banks are literally giving money away. According to this article the interest rate yield is negative in real terms.
This means lenders (pensions, insurance, banks etc) are paying the US government 0.22% to borrow money from them. In a real world, the government should be paying them.
By our somewhat subjective calculation (more about that below), this real yield has gone negative in recent months, which is to say that owning a 10-year Treasury bond leaves owners with less than nothing after deducting inflation.
