Bonds Recession fears: Now, bonds charge you for lending Updated : August 22, 2019 11:07 AM IST On Wednesday, for the first time ever, the German government sold 30-year bonds at a negative interest rate. Worldwide debt with negative rates has surged to $16.4 trillion from $12.2 trillion in mid-July and $5.7 trillion in October. The negative-yield phenomenon — 87 percent of it in Europe and Japan combined — is above all sign of pessimism about the future. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.