Major: Structural, Secular Forces Push Falling Yields

The video discusses the long-term trend of falling yields, emphasizing structural forces over cyclical patterns. It highlights the debt overhang's impact on central bank policies, particularly in Switzerland, where negative yields are prevalent. The discussion covers how market forces and policy rates address debt issues, and the potential for economic shocks due to volatility and unexpected events like Brexit and policy changes in major banks.

Discuss the implications of negative rates and negative yield curves as mentioned in the text.

What potential changes could occur if central banks' mandates were to change?