These Are The 10 Corporate Bond With The Most Negative Yields In The World

Earlier today Germany’s 10Y Bund crossed back into positive yield territory for the first time since Brexit, after touching as low as -0.20% earlier in the week…
… but that, oddly, does not mean that corporate bunds have to follow. In fact, as Goldman finds, negative corporate bond yields may turn out to be even stickier than their respective government treasuries. According to Goldman’s Lotfi Karoui finds there is “more negative yielding EUR corporate bonds despite the rates selloff. The amount of corporate bonds with negative yields continues to grow in the EUR market despite the rate sell-off this week.”
In fact, as of last night, using the bond constituents of the EUR iBoxx IG index, there is now a record high 216 billion in negative yielding corporate debt, representing 14% of the index. Within the broader EUR fixed income complex, a total of 4.1 trillion now trades in negative-yield territory representing 49% of the combined size of the sovereign, quasi-sovereign, covered and corporate iBoxx bond indices.

This post was published at Zero Hedge on Jul 15, 2016.