Relevant:
- Global Sovereign Credit Rating Downgrades Set To Hit Record High, Fitch Says
- Bond yields hit new lows, equities slide in safe haven dash (ON NEG RATES, FED+BREXIT FEARS)
- Fitch Downgrades France Ratings to 'AA'
- Investors unload sovereign debt ahead of ECB move
- ‘An Odd Time' as Many Government Bonds Trade Below Zero Yields
2016-09-01 — cnbc.com
Relative to yields in 2011, global investors are foregoing more than $500 billion in annual income on roughly $38 trillion in sovereign debt that is outstanding, Fitch Ratings said in a report on Wednesday.
"Cash flow benefits have effectively been transferred from global investors to sovereign issuers, as sovereign borrowing costs have dropped in response to central bank monetary stimulus," Fitch said in the report.
"This has posed new challenges for income-reliant investors, such as insurers and pension funds, while enabling governments to borrow at increasingly attractive rates."
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