Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Demand for bonds that result in a loss if held to maturity appears to be in high demand, at least according to a Bloomberg report.
The total face value of bonds and sovereign debt that yield negative rates rose to $11.6 trillion as of the end of September, which is 6.1 percent higher compared to the end of August but lower than June's $11.9 trillion peak.
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The data was compiled by the Bloomberg Barclays Global Aggregate Index, which tracks $48 trillion worth of debt across 24 developed and emerging economies.
Bloomberg noted that the majority of negative yielding debt comes from Japan and was valued at $5.7 trillion. German and France each accounted for $1.4 trillion and the rest of Western Europe accounted for $2.7 trillion. The remaining countries combined for just $0.5 trillion.
The value of negative yielding debt shrank the most in Italy by 9 percent to $361 million and Denmark's negative yielding debt expanded the most by more than one third to $104 million.
As a whole, corporate debt accounts for just 1.7 trillion worth of negative yielding debt. Among those corporations, finance companies issued nearly 80 percent of all negative yielding corporate debt accounts.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.