Government bonds teeter on edge

摘要

Investors in public sector debt who have benefited from central banks' largesse in recent months fear that government debt's plunge deeper into negative-yield territory could end at any time and that a dramatic sell-off could follow. UK Gilts due in March 2019 and March 2020 briefly traded below 0% yield for the first time on Wednesday, pushing the amount of negative-yielding government debt in the eurozone and UK to €3.461trn-equivalent, according to Tradeweb figures and IFR calculations.