Utopia – June 11, 2016
June 2016 – ECONOMIC NEWS – The total amount of international sovereign debt producing negative yields is astronomical, says a new report from Fitch Ratings (via the Wall Street Journal). The analysis discovered that there’s more than $10 trillion of negative-yielding debt.
According to the report, which was released Thursday, found that 14 nations have $10.4 trillion in sovereign negative-yielding debt as of May 31. This is up five percent from $9.9 trillion on April 25.Of the total amount of debt, $7.3 trillion was long-term debt and $3.1 trillion was short-term debt. And Japan is the biggest culprit of this type of debt.