World’s Negative-Yield Debt Pile Has Just Hit a New Record
- $17 trillion of investment-grade debt now has sub-zero rates
- U.K. and Australian central banks expand bond-buying programs
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The world’s stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support.
The market value of the Bloomberg Barclays Global Negative Yielding Debt Index rose to $17.05 trillion on Thursday, the highest level ever recorded and narrowly eclipsing the $17.04 trillion it reached in August 2019.