Commentaries

July 2020 - Negative Yielding Debt Back to Peak Levels - Tactical Fund Manager's Comments

12 August 2020

Clement Perrette, Gilles Pradère

Negative Yielding Debt Back to Peak Levels

Central banks asset purchase programs combined with the global search for yield brought back the amount of negative yielding debt to around USD 16 trillion. USD Investment Grade corporate credit spreads are still 34 bps wider than pre-crisis levels, indicating that opportunities are still present, but selectivity and a tactical approach are required at this stage.

Bloomberg Barclays Global Aggregate Negative Yielding Debt


Source: Bloomberg, RAM AI, as of 31.07.2020

 

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