Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Value of negative-yielding bonds rises to $13.4 trillion

By cpowell
Created 2016-08-13 12:42

By Robin Wigglesworth and Eric Platt
Financial Times, London
Saturday, August 13, 2016

The value of negative-yielding bonds swelled to $13.4 trillion this week, as negative interest rates and central bank bond buying ripple through the debt market.

The universe of sub-zero-yielding debt -- primarily government bonds in Europe and Japan but also a mounting number of highly-rated corporate bonds -- has grown from $13.1 trillion last week, according to figures compiled by Tradeweb for the Financial Times.

"It’s surreal," said Gregory Peters, senior investment officer at Prudential Fixed Income. "It's clear that central banks are dominating markets. There's a race to the bottom. Central banks are the main drivers of this. It's not fundamental." ...

... For the remainder of the report:

http://www.ft.com/cms/s/0/973b6060-60ce-11e6-ae3f-77baadeb1c93.html [1]


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