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Negative-Yielding Bonds Top $9 Trillion

Investors are increasingly accepting negative yields again as they adjust to a market environment rife with worry about global growth.

By Adam Haigh | March 14, 2019 at 01:01 PM

Last October, the world’s stock of negative-yielding debt had tumbled by more than half from its record high, as investors adjusted to the end of super-loose monetary policy. Now it’s soaring again after the dovish pivots around the world.

The Bloomberg Barclays Global Aggregate Negative-Yielding Debt Index has increased in value by well over $3 trillion since its low five months back, to $9.3 trillion Wednesday. That’s still below the all-time record of $12.2 trillion in June 2016.

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