Stock of Negative Yielding Debt Surges

“The value of the world’s stock of negative-yielding debt has ballooned to more than $16.5 trillion, the highest in six months, as a relentless global bond rally drags borrowing costs below zero,” the Financial Times reports.

“Government bond yields have tumbled in recent weeks as some traders have piled in, a move that has blindsided many investors who expected an economic rebound from the pandemic along with rising inflation to lift long-term borrowing costs.”