BUSINESS

Funds Face Trillion-Dollar Hit on Negative-Yielding Debt Pile

Investors could lose $864 billion on debt with negative yields over the next 12 months, according to Daniel Tenengauzer, head of markets strategy at Bank of New York Mellon (NYSE:BK) Corp. He predicts bond holders could separately shed another $176 billion in lost purchasing power through the securities, which would guarantee a loss if held to maturity.

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