Negative Rates on $1.5 Trillion of Debt Become Thing of the Past
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Everyone knew it defied logic to pay for the privilege of lending trillions of dollars to European governments.
But two months ago, that didn’t stop investors from doing exactly that, causing the pool of European bonds with negative yields to soar to almost 3 trillion euros ($3.4 trillion) as of mid-April, Bank of America Corp. data show.