U.S. interest rates might be low, but they're a lot higher than interest rates in most of the developed world.

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Data: Bloomberg; Chart: Axios Visuals

The big picture: The benchmark 10-year bond yield is negative in Germany, the Netherlands, Switzerland and Japan; it's also this close to going negative in France. Even Greece has seen its 10-year bond yield fall to just 2.4%, an all-time low.

Be smart: You'll see a lot of chatter about how the investors in these bonds would get a better return were they to just stash cash under a mattress. Ignore that chatter. If you're an institutional investor managing trillions of dollars in assets, you can't convert that money into cash, and while a bank will probably pay you 0% for that money, you still end up taking significant counterparty risk. Bonds have negative yields for good reason.

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Trump introduces Amy Coney Barrett as nominee to replace Ruth Bader Ginsburg

President Trump announced he's nominating federal appeals court Judge Amy Coney Barrett to succeed Justice Ruth Bader Ginsburg on the Supreme Court.

Why it matters: She could give conservatives a 6-3 majority on the high court, and her nomination sets in motion a scramble among Senate Republicans to confirm her with 38 days before the election. Sen. Mitch McConnell appears to have the votes to confirm Barrett with the current majority.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:15 p.m. ET: 32,673,978 — Total deaths: 990,738 — Total recoveries: 22,535,056Map.
  2. U.S.: Total confirmed cases as of 4:15 p.m. ET: 7,065,019 — Total deaths: 204,249 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: New York daily cases top 1,000 for first time since June — U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

Confirmation hearings for Supreme Court nominee set to start Oct. 12

Sen. Lindsey Graham, chair of the Senate Judiciary Committee, on Sept. 24. Photo: Jabin Botsford/The Washington Post via Getty Images

Senate Judiciary Committee hearings for President Trump’s Supreme Court nominee are tentatively scheduled to begin Oct. 12, two Senate sources familiar with the plans told Axios.

Why it matters: The committee's current schedule could allow Senate Republicans to confirm the nominee weeks before November's election. Senate Majority Leader Mitch McConnell currently has enough votes to confirm Circuit Court Judge Amy Coney Barrett, who is expected as the president's pick.