By Matt Brill, Senior Portfolio Manager, Senior Portfolio Manager
As yields across the globe plummet, many investors are now actually paying someone to take their money. Currently, there are more than $12 trillion of bonds with negative yields outstanding which equal 24% of the global bond market.1 In Europe, the search for positive yield is especially challenging. Over half (51%) of the European bond market now yields a negative rate.1 Germany recently issued €5 billion of bunds at a price of €101.5, but these will only return €100 in two years with zero