Bondholders are increasingly willing to be paid less than nothing in the U.S. Treasury market.
With consumer prices rising at the fastest pace since 1990, so-called real yields on U.S. government securities -- or the rate after inflation is taken into account -- have dived even deeper below zero. The rate on 30-year inflation-protected securities, a measure of real yields over the next three decades, dropped to a record low of around minus 0.62% Wednesday.
