Never seen.
Investors rush into negative-rate debt and demand more.
So much so that the Bloomberg Barclays Index now includes more than $ 17.5 trillion in negative yielding bonds, a record.
These assets still mainly concern Japan, which issued nearly 30% of global outstandings, and the major nations of the euro zone.
France and Germany each represent around 15% of these negative rate bonds.
But the playing field is widening, beyond the strongest economies.
In mid-November, China raised 750 million euros in five years at the rate of -0.15%.
On Thursday, the ten-year debt issued by Portugal fell briefly into negative territory, at -0.004%.
Even Greece, which borrowed at the crippling rate of 37% in 2012 and which today issues 0.66% over ten years, could go negative, economists already speculate.
Athens is already issuing bonds at -0.13% over two years.
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The big enterprises,
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