Negative-Yielding Debt Hits Record $14 Trillion as Fed Cuts
- Total of negative-yielding debt globally rises to new record
- More than a quarter of investment-grade bonds yield below zero
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On the day Jerome Powell attempted to moderate market expectations for further easing, the world’s stockpile of negative-yielding bonds notched another remarkable record.
The Federal Reserve’s rate cut helped swell the total of all debt with sub-zero yields to more than $14 trillion for the first time. The market value of the Bloomberg Barclays Global Negative Yielding Debt Index closed at $14.1 trillion on Wednesday, after the biggest one-day jump in a month.