Greed Is Back as Debt Markets Face an $8.6 Trillion Hangover
- ‘Huge psychological swing’ in global risk taking, says Robeco
- Investors reach for yield in bonds from Ecuador to Uzbekistan
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Prayers for a sudden return to dovish monetary policies have been answered, and now investors are living with the aftermath: a world awash with $8.6 trillion in negative-yielding debt.
That’s one reason money managers are wading once more into the fringes of fixed-income markets across the globe.