The world is 14 per cent less nuts… Wait, that can’t be right

Negative bond yields are a traditional source of nutty commentary, but we’re gonna need a formal hierarchy of nuttiness soon aren’t we? Maybe with some sort of time-based normalisation function built in?

We mean, negative bonds, do they even count as nuts anymore?

Continue reading: The world is 14 per cent less nuts… Wait, that can’t be right

Negative bond yields are a traditional source of nutty commentary, but we're gonna need a formal hierarchy of nuttiness soon aren't we? Maybe with some sort of time-based normalisation function built in?

We mean, negative bonds, do they even count as nuts anymore?

Continue reading: The world is 14 per cent less nuts… Wait, that can’t be right

This is nuts. Get used to it

This will be a mostly charted recap of where exactly in the rabbit hole of negative yielding corp bonds we are following last week’s knee-shaking sale of some brand new negative yielders by non-state owned Henkel and Sanofi.
It was a first. It was exci…

This will be a mostly charted recap of where exactly in the rabbit hole of negative yielding corp bonds we are following last week's knee-shaking sale of some brand new negative yielders by non-state owned Henkel and Sanofi.

It was a first. It was exciting.

Continue reading: This is nuts. Get used to it

This is nuts. PIK toggle edition

From IFR/Reuters on Thursday…

Schaeffler is looking to price the largest post-crisis PIK toggle bond, in a 2.5bn-equivalent deal that is expected to have the lowest coupons yet seen for the risky instrument.

Continue reading: This is nuts. PIK toggle edition

From IFR/Reuters on Thursday…

Schaeffler is looking to price the largest post-crisis PIK toggle bond, in a 2.5bn-equivalent deal that is expected to have the lowest coupons yet seen for the risky instrument.

Continue reading: This is nuts. PIK toggle edition

This is nuts, ‘US30Yr Bond Yield to Evaporate’ edition

You’ll have already seen Nomura’s Toshihiro Uomoto attempt to explain the state of the world through chart, here.

But we thought we’d also share his suggestion that “30yr Treasury yield should near 0% within two years” as the “scarcity of products with a positive yield should continue facilitating the inflow of funds into the credit market.”

Continue reading: This is nuts, ‘US30Yr Bond Yield to Evaporate’ edition

You'll have already seen Nomura's Toshihiro Uomoto attempt to explain the state of the world through chart, here.

But we thought we'd also share his suggestion that "30yr Treasury yield should near 0% within two years" as the "scarcity of products with a positive yield should continue facilitating the inflow of funds into the credit market."

Continue reading: This is nuts, ‘US30Yr Bond Yield to Evaporate’ edition