Debts with negative yields hit staggering US$17 trillion: BIS report
Growing concerns that negative yields and leveraged loans will impact economic growth
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GLOBAL sovereign and corporate bonds and other debt that traded on negative yields have reached a staggering US$17 trillion in recent weeks, according to a new report released by the Bank for International Settlements (BIS) on Sunday (Monday morning, Singapore time).
"A growing number of investors are paying for the privilege of parting with their money," said Claudio Borio, head of the BIS' monetary and economic department. "Even at the height of the Great Financial Crisis (in 2008/2009), this would have been unthinkable."
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