World Government Debt Rates Dropping

[Economy 53,061]

And I get stuck having to pay 19.99% for my credit card

Of course, I realize that is likely calculated differently than interest rates on debt but still..

yeah they ripping u off. Cuz when Central Banks lower rates as well as when bond yields drop, all types of credit drops

Government debt rates drop but so do Corporate Bonds (to a smaller degree). So banks and other financial institutions borrow cheaper to lend out

They tend to pass on some of the savings on stuff like lowering mortgage rates, car loans, student loans etc

Credit card rates tend to not come down much tho :MANiCURE: