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Brexit Adds $380 Billion to Global Negative-Yielding Bond Pile

  • Investors seek haven debt after U.K. votes to quit EU
  • German benchmark bonds due in up to 10 years yield below zero
Bloomberg business news

How Brexit Can Benefit High-Yield Markets Long-Term

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A flight to safer assets by global investors after Britain’s decision to the quit the European Union has added $380 billion to the pile of negative-yielding government bonds.

There are now $8.73 trillion of securities with yields below zero globally, according to the Bloomberg World Sovereign Bond Indexes, up from $8.35 trillion before the vote. In the euro-area, German benchmark bonds with maturities out to 10 years are negative, while Japanese 10-year yields reached a record-low of minus 0.215 percent on Friday.