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..
Sticking with bonds after Friday's post of the MOVE Index, it's truly incredible to see how low yields have remained here in the US - especially on the 30-yr. It's not shocking, either, given what has happened in 2020 from a growth perspective..
The MOVE Index, which is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options, is always important to observe. Beginning when global equity markets starting to drop in late-Feb..