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IPFS News Link • World News

Austrian 100 Year Bond Enters Bear Market As Negative Debt Collapses

•, Tyler Durden

What a different just a few weeks - and a smattering of good news - makes the euphoria is now officially over and as 10Y Treasury yields surge to 1.90% from a record low of 1.42% on September 3, now that downward momentum has been broken and CTAs are accelerating in the other direction, the Austrian century bond is doing what its Argentina peer did last month: it is tumbling, and as of the close of trading in Europe was down over 20%, officially entering a bear market.

What about the amount of negative yielding debt? Well, after hitting a record high of $17 trillion in August, the stock of negative debt has tumbled by $2.5 trillion to $14.5 trillion, the biggest monthly drop in global negative-yielding debt on record.