In an unprecedented sale, Germany sells 30-year bonds with negative yields
Germany sold 30-year bonds at a negative yield for the first time, in another sign of how investors’ desperation for safe assets is inflating their value.
The bond, set to mature in August 2050, has a zero coupon, which means it pays no interest at all. Yet investors were still willing to pay more than face value to buy €869 million worth of the debt, pushing the overall yield on the bond into negative territory, at minus 0.11%. Yields fall as bond prices rise.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leonard Korir Becomes First American Man to Win Falmouth in 30 YearsOn Sunday morning, 32-year-old Leonard Korir of Colorado Springs, became the first American to win the Falmouth Road Race since 1988.
Read more »
Salvadoran Rape Victim Sentenced to 30 Years in Prison For Stillbirth Is Finally Free
Read more »
Joe Jonas Turned 30 And Threw A James Bond Birthday Party, Like You Do.joejonas went full 007 for his 30th birthday celebration 😎
Read more »
Halsey and the Martinez Brothers Help DKNY Celebrate 30 Years in New Ad CampaignTo celebrate DKNY’s 30th anniversary, the brand has called on the talents of Halsey and the Martinez Brothers.
Read more »
Euro zone bond yields rise from record lows, 30-year leads wayLong-dated bond yields in the euro zone shot higher on Monday on the back of a c...
Read more »