About $15 trillion of government bonds worldwide, or 25% of the market, now trade at negative yields, according to Deutsche Bank. This number has nearly tripled since October 2018. As central banks around the world engage in unprecedented monetary easing, The 10-year treasury yield began the year at roughly 2.7%, so it’s fallen about 1% this year already: Rates still haven’t taken out the lows of 2016 but it’s closer than anyone could have imagined at the start of the year. The Fed still has its short-term interest rate pegged at a range of 2.00% to 2.25%. In July, an auction for €4 billion euros of 10-year German government bonds TMUBMUSD10Y, +0.75% sold at a negative yield of 0.26%, but at a premium price of 102.6 cents to the euro. The benchmark bund is now trading at a price of a 106.9 cents to the euro,