2020 can't be expected to keep up with 2019

i t was, on the face of it, the year of negativity. Never, before 2019, had so many bonds displayed negative yields – their market value rose to 17 trillion U.S. dollars in the summer. Never before had German government bonds yielded so little: the yield on 10-year maturities dropped to minus 0.714% in the summer. In Switzerland, yields for the same 10-year duration dropped still lower, to minus 1.12% – another record.