FTfm: Fixed Income

Sub-zero yields defy economic logic; investors in Argentina suffer nerves after change of president; UK hangs back on green gilts. Plus: amid bulk short selling, hidden dangers may lurk in the design of junk bond ETFs

Rise of sub-zero bond yields turns economic logic on its head
Even Greece now issues negative yielding debt as number of countries paid to borrow grows
Argentina debt uncertainty piles on the agony for investors
President-elect Fernández is reticent on likely relationship with bondholders and IMF
UK government hangs back on green gilts
Treasury resists the lure of funding for sustainable projects sought by investors
Alarm sounds over heavy short selling of junk bond ETFs
Funds’ holdings and ‘design flaws’ vulnerable to market downturn prompt concern