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home / news releases / WBIL - Sovereign Bonds - Stretched To The Limit


WBIL - Sovereign Bonds - Stretched To The Limit

By Pater Tenebrarum

Anti-Vigilantes

We dimly remember when Japanese government debt traded at a negative yield to maturity for the very first time. This happened at some point in the late 1990s or early 2000s in secondary market trading (it was probably a shorter maturity than the 10-year JGB) and was considered quite a curiosity. If memory serves, it happened on just one brief occasion and it was widely held at the time that the absurd situation of a bond buyer accepting a certain loss if the bonds were held to maturity was an outlier,

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Stock Information

Company Name: WBI BullBear Quality 1000
Stock Symbol: WBIL
Market: NYSE

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