334 days ago • Posted by Jasper Lawler
Jump in volume of negative yielding bonds has helped equity valuations
The volume of negative-yielding bonds has jumped by $3.4tn within a month to $16.3tn, largely to the benefit of risk assets. Equity markets – at least in the US – trading on multiples never sustained outside of the 1990s tech bubble.
Source: Twitter @Shuldensuehner