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World’s Negative-Yielding Debt Pile Hits $18 Trillion Record

  • Spanish 10-year bond yields fall below 0%, following Portugal
  • Increase has coincided with a broadly-weaker dollar in 2020
Views Of Wall Street As Stocks Extend Losses
Photographer: John Taggart/Bloomberg
Updated on

The world’s stockpile of negative-yielding debt has swelled to a fresh record in a sign that demand for havens is just as intense as that for riskier assets.

The market value of the Bloomberg Barclays Global Negative Yielding Debt Index rose to $18.04 trillion on Thursday, the highest level ever recorded. Spanish 10-year bonds were the latest to join the club, with rates sliding below 0% for the first time Friday.