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There's now $7 trillion of government debt with yields below zero globally
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Worldwide gains in sovereign bonds sent the Japanese benchmark 10-year yield below zero for the first time on Tuesday as investors seeking the safest assets gorged on government debt.
Yields on benchmark US Treasury 10-year notes touched the lowest in a year while those on short-dated German securities slid to a record, as US stocks fluctuated and European stocks fell. Volatility in Treasuries reached the highest since September as the US prepares to sell $24 billion in three-year debt.
There’s now $7 trillion of government debt with yields below zero globally, with the average yield on the Bank of America Merrill Lynch World Sovereign Bond Index at 1.29%, the lowest in data going back to 2005.
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