Last year, the issuance of negative-yielding debt generally declined as the global economy prepared to reopen. It was a sign from the investors that the worst of the pandemic would soon be over. But over the past 90 days, a different story has emerged, as rising economic and social risks linked to ... READ MORE >
negative-yielding debt
CHART OF THE DAY: Issuance of negative-yielding debt declines as global reflation takes hold
During the pandemic, issuance of negative-yielding debt—when purchasers pay for the privilege of locking in a loss—jumped from a pandemic low of $7.6 trillion in March 2020 to a pandemic peak of $18.2 trillion in December as investors sought safety. But that risk aversion appears to be ebbing as the ... READ MORE >