2016-06-04wsj.com

The measure stood at $10.4 trillion on May 31, up 5% from $9.9 trillion on April 25, when the rating agency last measured the amount, according to a Thursday report. It is spread across 14 countries, with Japan by far the largest source of negative-yielding bonds. Of the total, $7.3 trillion was long-term debt and $3.1 trillion was short-term debt.

...

"Higher amounts of Japanese and Italian sovereign securities with sub-zero yields were the biggest contributors to the monthly changes," said Fitch analysts, led by Robert Grossman.

The article mentions US Treasurys as a "safe haven" from negative yields, but Treasurys are negative in real terms as well!



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