Negative yields globally are back to record levels and Wall Street says that’s good for U.S. corporate credit
November 28, 2020 at 08:30 AM EST
The global pile of negative-yielding debt is back to nearly $17 trillion after briefly shrinking during pandemic turmoil. That means U.S. investment-grade corporate bonds likely will be the ‘only game in town’ next year for fixed-income investors looking for yield, according to J.P. Morgan analysts.