Chart Check: Was $13 Trillion “Peak Negative”?

Earlier today we discovered that while the total stock of negative yielding debt may be falling thanks to the reflation narrative and the blowout in OAT yields that's accompanied rising French political risk, the potential still exists for ECB purchases to create hilarious market distortions. So while we're by no means out of the woods yet when it comes to QE-induced hilarity, we may have turned a corner on negative yielding debt. Have a look and decide for yourself. Via BofAML While there are