Just over 10% of international bonds are experiencing negative yields right now. Some investors hear this and think they should sell or avoid international bonds altogether because it must mean that they will lose money instead of make money. That is not the case.

The U.S. government came up with $2,000,000,000,000 (or $2T) seemingly overnight in the form of the Coronavirus, Aid, Relief, and Economic Security (CARES) Act. That is a lot of zeros - an incomprehensible amount. Understanding how the government was able to do this is a reminder that while the headlines are scary and we are living in unprecedented times, there are many things that are responding exactly as needed and intended.