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Negative Yielding Global Debt Pile Moves Below March ’20 Levels

BONDS

The recent sell off in global bond markets has driven the value of the BBG-Barclays global aggregate negative yielding debt index back below Mar ’20 COVID vol.-related lows (the index value stands at US$7.665tn). The next major milestone for the metric, in the case of an extension of the recent bond market sell off, is the ’18 low (US$5.733tn). Note that this particular index peaked at US$18.380tn in Dec ’20.


Fig. 1: BBG-Barclays Global Agg. Negative Yielding Debt Index Market Value ($tn)

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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