FlowBank

1243 days ago

The market value of Global Negative Yielding Debt rose to $17.05 trillion, the highest level ever recorded

The world’s stockpile of negative-yielding debt has swelled to a record in the wake of the U.S. election, as investors lower expectations for a fiscal splurge and turn their focus back to monetary support. Almost $600 billion of bonds have seen their yields turn negative last week, meaning 26% of the world’s investment-grade debt is now sub-zero. Thanks to the slew of global issuance in 2020 as governments and companies wrestle with the impact of the coronavirus, that remains below 30% peak reached last year...(source: Bloomberg)

#Bonds
The market value of Global Negative Yielding Debt rose to $17.05 trillion, the highest level ever recorded

1243 days ago

US High Yield spreads are still at very low levels. Is the probability of default underestimated?

Source: Bloomberg

#Bonds
U.S junk bonds - aggregated yield to maturity

1246 days ago

It seems that the market does not believe anymore in the massive U.S fiscal stimulus package story...

Source. The Daily Shot 

#Bonds
U.S 30 year Government Bond Yield

1247 days ago

Sovereign debt downgrades overtake other crises (ultra-low yields remain)

Rating agencies have been downgrading the credit health of countries during the pandemic but central bank intervention is keeping yields unnaturally low

#Bonds
Sovereign debt downgrades overtake other crises but ultra-low yields remain

1247 days ago

The US 10 year yield is back below its 200 day moving average

The 10 yr yield just had a big move, from 0.9% to 0.77%, reversing right on the huge negative trend line. Note that this is asset to add to the "non trending assets" logic. US 10 year has basically seen these levels or around these levels every month since March...

#Bonds
U.S 10-year yield chart
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