Showing posts with label Bonds. Show all posts
Showing posts with label Bonds. Show all posts
Wednesday, August 3, 2016
Wednesday, April 8, 2015
Swiss Government Becomes First Ever To Issue 10Y Debt At A Negative Yield
It had to happen sooner or later... in the new normal of yield-reaching, collateral-shortage-ing, money-printing economalypse, the Swiss government has become the first ever to issue a 10Y sovereign bond at a negative yield. As WSJ notes, while several European countries have sold government debt at negative yields up to five years of maturity - which means investors effectively pay for the privilege of buying it - no other country has previously stretched this out as long as 10 years. Mission Accomplished Central Bankers?
As The Wall Street Journal reports,
The Alpine country sold a total of 377.9 million Swiss francs (about $391 million) of bonds maturing in 2025 and 2049. On the 10-year slice, the yield was -0.055%, compared with 0.011% on its most recent similar bond two months ago.
More: www.zerohedge.com
Subscribe to:
Posts (Atom)