Pandemic sends real returns on corporate debt into negative territory – Financial Times

Pandemic sends real returns on corporate debt into negative territory – Financial Times

The central bank’s broad support for the corporate bond market has pushed prices up to the point that some investors are willing to take a loss to buy them, once inflation is factored in.

After exploding in financial market declines in March, real yields on some high-quality US corporate bonds, which eliminate inflation expectations from nominal core yields, fell below zero.

For investment…

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