The US Share Of Global Yields Has Climbed To 94% | Zero Hedge
One month ago, we reported that in addition to over a dozen “high yield” (we use the term very loosely) European issuers now sporting negative rates, Europe – thanks to the ECB’s insane monetary policy and trillions in negative yielding sovereign bonds – has become ground zero for subzero corporate debt as well, a third of all European investment grade bonds and a third of 1-2y European BB-rated (i.e. junk) bonds now yield less than zero.
Junk bonds are being piled on top of a huge junk bond debt bubble..
When will it burst?