Negative Yields on $1.5 Trillion of Euro Bonds Show Flat Economy
This article is for subscribers only.
Negative bond yields, unthinkable before Europe’s debt crisis, have become a fact of life as the euro region shows few signs of growth.
More than four months after the European Central Bank started its bond-buying program to funnel money into the economy, $1.5 trillion of securities issued by governments in the region pay less than zero, according to data compiled by Bloomberg. That’s equivalent to 23 percent of that market.