RISE - Negative Interest Rates Spread To Mortgage Bonds
There are trillions of dollars of bonds in the world with negative yields - a fact which future historians will find baffling.
Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper joined the party: mortgage-backed bonds.
Bankers Stunned as Negative Rates Sweep Across Danish Mortgages
(Investing.com) - At the biggest mortgage bank in the world's largest covered-bond market, a banker took a few steps away from his desk this week to make sure his eyes