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Pimco, China Show No Fear Of Negative Yields In Market Gone Awry
FYI: It might be considered absurd, if not for the unprecedented contortions in global financial markets. Pacific Investment Management Co.’s 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’s a way to turn a tidy profit off the trade Regards, Ted http://www.bloomberg.com//news/articles/2016-08-21/pimco-china-show-no-fear-of-negative-yields-in-market-gone-awry
