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The World’s Pile Of Negative-Yielding Debt Just Shrunk By $1 Trillion In 8 Days
The global stock of negative-yielding debt is shrinking rapidly in 2018.
A hallmark of the post-crisis policy regime, sub-zero yields signaled both investors' persistent fear of the deflation boogeyman and expectations of continual support from policymakers. The willingness of the Fed, the ECB and the BoJ (not to mention the BoE and the Riksbank) to plow trillions in freshly-printed dollars, euros, and yen into everything from bunds to corporate credit distorted the supply/demand picture beyond
As you pull the tit away will the baby cry, starve or take a dump into it’s diaper? Is that good? It depends on your perspective.
How much debt supports negative real yields, then sub .25% real yields? We need a table of that broken down by maturities.