(The following statement was released by the rating agency)
NEW YORK/CHICAGO, August 31 (Fitch) Steep declines in global
sovereign bond
yields over the past few years have drastically reduced
investors' ability to
generate interest income from new securities purchases, says
Fitch Ratings.
Relative to yields available in 2011, global investors are
foregoing over $500
billion in annual income on $38 trillion in currently
outstanding bonds as a
result of the collapse in sovereign yields.
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