{"id":53993,"date":"2016-08-22T07:56:32","date_gmt":"2016-08-22T11:56:32","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53993"},"modified":"2016-08-22T07:56:32","modified_gmt":"2016-08-22T11:56:32","slug":"the-worlds-biggest-bond-traders-are-on-a-negative-yield-binge","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2016\/the-worlds-biggest-bond-traders-are-on-a-negative-yield-binge.html","title":{"rendered":"The World\u2019s Biggest Bond Traders Are on a Negative Yield Binge"},"content":{"rendered":"<p>(Bloomberg) It might be considered absurd, if not for the unprecedented contortions in global financial markets. Pacific Investment Management Co.\u2019s largest international bond fund and China are piling into negative-yielding Japanese debt, buying securities that pay out less than the purchase price. And there\u2019s a way to turn a tidy profit off the trade.<\/p>\n<p>At the heart of the strategy is the world\u2019s insatiable appetite for dollar assets, which is presenting an opportunity for investors with greenbacks to spare: the chance to pick up extra yield, a luxury in an era of record-low interest rates. For dollar lenders, even three-month Japanese bills, trading at a rate of negative 0.24 percent, offer juicy returns through a swap transaction that locks in exchange rates.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-08-21\/pimco-china-show-no-fear-of-negative-yields-in-market-gone-awry\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) It might be considered absurd, if not for the unprecedented contortions in global financial markets. Pacific Investment Management Co.\u2019s largest international bond fund and China are piling into negative-yielding Japanese debt, buying securities that pay out less than the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53993","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53993"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53993\/revisions"}],"predecessor-version":[{"id":53994,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53993\/revisions\/53994"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}