Bond traders taking chances on riskier assets to elude negative yields

London

IN the negative-yield vortex that is the European bond market, investors are discovering just what lengths they're willing to go to generate returns.

Norway's US$870 billion sovereign wealth fund said this month that it added Nigeria and lifted its share of lower-rated company debt to the highest since at least 2006. Allianz SE, Europe's biggest insurer, is shifting from German bonds to bulk up on mortgages. JPMorgan Asset Management is buying speculative-grade corporate debt to boost returns.