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Sharp Pullback In Global Negative Yielding Debt Since Dec Record

BONDS

A quick look at how the reflation/re-opening/U.S. fiscal/central bank re-pricing dynamics have influenced the global stock of negative yielding debt, as proxied by the BBG-Barclays Global Agg. Negative Yielding Debt Index, with a sharp pullback seen since the record high printed in December '20. The index points to the current outstanding stock of negative yielding debt standing at ~73% of peak levels (in US$ terms), last printing at ~$13.4tn in market value terms.


Fig. 1: BBG-Barclays Global Agg. Negative Yielding Debt Index

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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