from Zero Hedge
Despite expectations that recent, better than expected global economic data (with several prominent setbacks, especially in US and Japanese GDP, as well as the recent Chinese data) which last week sent the Citi global economic surprise index to multi-year highs, would push global government yields at least modestly higher, that did not happen. Instead, as the FT reports, the value of negative-yielding bonds – both government and corporate – swelled to $13.4 trillion this week up from $13.1 trillion last week, as negative interest rates and central bank bond buying ripple through the debt market.