Chart of the Day – August 11, 2020

Global, negative-yielding debt is back on the rise.  It currently sits at roughly $16.2 trillion – an incredible number.  What’s interesting is that this number has doubled from the March-bottom in equities, and that is now nearly back to the high it made last August.  With so few places to find yield, it’s not surprising that equities have continued to rally.

CW