Negative yield universe is continuing its expansion. Globally now more than $11 trillion worth of government bonds are trading at a negative yield. In Switzerland the whole yield curve, up to 30 years trading in negative. In Japan, 20-year bond yield has dropped into negative yield territory today. Since the referendum in the UK, this negative universe has expanded by $1.2 trillion. Today German 10 year yield recorded a new low at -0.2 percent.
It seems investors are more worried about the return of their money than the return on it.
Chart courtesy - Citi Research, Financial Times
