The Relentless Hunt For Yield
Published Jul 28, 2020 on Seeking Alpha

Seeking AlphaToday's Market | Market OutlookThe Relentless Hunt For YieldJul. 28, 2020 9:21 AM ET|| Includes: BIL, BNDX, BWX, DDM, DFVL, DFVS, DIA, DIAL, DOG, DTUL, DTUS, DTYL, DXD, EDV, EEH, EGF, EPS, EQL, FEX, FIBR, FIXD, FLIA, GBIL, GIM, GOVT, GSY, HUSV, IEF, IEI, IGOV, IVV, IWL, IWM, JHML, JKD, OTPIX, PLW, PSQ, PST, QID, QLD, QQEW, QQQ, QQQE, QQXT, RISE, RSP, RWM, RYARX, RYRSX, SCHO, SCHR, SCHX, SDOW, SDS, SH, SHV, SHY, SMLL, SOVB, SPDN, SPLX, SPUU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SQQQ, SRTY, SSO, SYE, TAPR, TBF, TBT, TBX, TLH, TLT, TMF, TMV, TNA, TQQQ, TTT, TWM, TYBS, TYD, TYO, TZA, UBT, UDOW, UDPIX, UPRO, URTY, UST, UWM, VFINX, VGIT, VGLT, VGSH, VOO, VTWO, VUSTX, VV, ZROZby: Mark J. GrantMark J. Grant Chief Strategist, bonds, special situations, portfolio strategySummary60% of all global yields are now less than 1.00% and 86% of all global yields are now less than 2.00% according to the Financial Times.
This includes bonds of all types and all durations.
This is not exactly a payday for investors.
Current Spread in
Yield Basis Points
U.S. 0.618 %
Australia 0.932 % 31.4
Belgium -0.203 % -82.1
Canada 0.519 % -9.8
Denmark -0.361 % -97.9
France -0.180 % -79.8
Germany -0.483 % -110.1
Italy 0.988 % 37.0
Japan 0.023 % -59.4
Netherlands -0.359 % -97.6
Spain 0.345 % -27.2
Sweden -0.073 % -69.1
U.K. 0.128 % -48.9
Source: Tullett Prebon via FactSet
According to the Financial Times, 60% of all global yields are now less than 1.00% and 86% of all global yields are now less than 2.00%. This includes bonds of all types and all durations. This is not exactly a payday for investors.
I would state, in fact, that what is a boon for the governments and the corporations of the world is a stab to the heart for the investors of the world. This is all being orchestrated by the global central banks who have not only stepped up, but stepped out, to control the interest rates for their respective... Read more