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# And the yields keep going low-low-low
- URL: https://www.thejanusobserver.com/and-the-yields-keep-going-low-low-low/
- Published: 2019-07-26T12:00:11.000Z
- Updated: 2026-10-25T19:55:22.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, Government Bond Yields, US$100, Venture Capital, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

This is just bananas.

WSJ - Daily Shot: Arbor Research - Sovereign 10-yr Yields 7/25/19 

![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/2019-07-25_wsj_daily-shot_arbor-research_global-govt-10yr-interest-rates.png)

And not on the chart…

WSJ - Daily Shot: Switzerland 10yr Government Bond Yield 7/25/19 

![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/2019-07-25_wsj_daily-shot_switzerland-10yr-govt-bond-yield.png)

So I suppose it shouldn't be much of a surprise that VCs be busy putting capital to work.

WSJ - Daily Shot: statista - US Venture Capital Funding 07/25/19 

![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/2019-07-25_wsj_daily-shot_statista-us-vc-funding.png)

And from [Mike MacKenzie of the Financial Times](https://www.ft.com/content/0537c9fc-af08-11e9-8030-530adfa879c2?ref=thejanusobserver.com), he covered a recent [IMF report](https://blogs.imf.org/2019/07/25/us100-bill-on-the-rise/?utm%5Fmedium=email&utm%5Fsource=govdelivery) that the US $100 bill has overtaken the $1 bill in terms of circulation volume.

![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/2019-07-25_imf_us-bills-in-circulation.png)

*As the IMF note, most $100 bills are held abroad and geopolitical uncertainty may well be driving global demand for holding plenty of "Benjamins". (The Federal Reserve Bank of Chicago says nearly 80% of $100 bills — and more than 60% of all US bills — are overseas, up from roughly 30% in 1980.)*