About Those Negative-Yield Chinese Bonds.

7 minutes

One of the most interesting deals of the year, was completed on Wednesday. It was the issue, by the People's Republic of China of $4 Billion Euro Denominated Sovereign Bonds.

And what drew the headlines, was the fact that a portion of these bonds were issued at a yield of less than Zero. That's right, these were the first ever negative interest rate bonds issued by the PRC.

By my calculation, that means that worldwide were are nearing something like $20 trillion dollars worth of Sovereign Debt, which is currently at a negative yield.

So how did we get here you might ask?

More episodes from David Reavill

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Beware The Unexpected: Are You Sure The Election Is Over?
6:10
Start listening to Beware The Unexpected: Are You Sure The Election Is Over?
6:10