Negative yields have vanished from the world's corporate bond market as investors brace for monetary tightening.
Every single note in a Bloomberg index tracking the global investment-grade corporate bond market yielded 0 percent or more at Friday's close, calculated using the midpoint between bid and ask prices. It's a dramatic turnaround from August, when more than $1.5 trillion of debt—most of it in Europe—came with a subzero yield.
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