Archive: mish shedlock


Market Madness and 0% Yields

By Adam Sharp on August 23, 2019

We have entered a period of complete financial madness. There is now nearly $17 trillion worth of bonds with negative yields around the world. That’s almost $17 trillion in bonds where the lender is basically paying the borrower for the privilege. Some investors in bonds have been making a killing. As reported by MarketWatch: Buying into the near-$17 trillion heap of global bonds with negative yields might sound like a losing proposition. But for…