Global Era of Negative Yields Is Ending as Japan Bond Tops Zero
- Pool of global debt with sub-zero yields shrinks after BOJ
- ‘Negative rates don’t work, full stop,’ says Stephen Miller
WATCH: Bank of Japan Policy Tweak Could Be First Step Towards Exit: Prof. Ito
Source: Bloomberg
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Negative yields R.I.P.
The global pile of bonds with sub-zero yields shrank on Wednesday as Japan’s two-year sovereign yield briefly climbed into positive territory for the first time since 2015. The worldwide stock of negative-yielding debt stood at about $686 billion on Tuesday, down from a peak of $18.4 trillion reached two years ago.