Shrinking negative yield bond pile: good news
The pile of negative yield bonds in global markets is shrinking fast, triggering debate if this means the economic outlook is turning positive.
While signs of an economic recovery are yet to be confirmed, one thing is for sure: such a decline rescues the global economy from a world where savings are discouraged and borrowers do not pay for credit risk undertaken by lenders. (The trend also benefits China – more on that below.)
Across the world, the volume of negative-yield bonds including corporate debt has plummeted to around $11.41 trillion from a peak $17.04 trillion struck on August 29, according to Bloomberg data.
Read more at https://www.asiatimes.com/2019/11/article/shrinking-negative-yield-bond-pile-good-news/