Posted on 06/14/2016 2:23:02 PM PDT by dennisw
The yield on the 10-year benchmark German bund fell into negative territory for the first time ever on Tuesday morning, amid global growth concerns and jitters over the U.K.'s upcoming referendum on its European Union membership.
At around 8.30 a.m. London time, the yield hit zero and briefly fell into negative territory as investors continued to flock to safe-haven assets. Bond prices and yields move in opposite directions and a negative yield implies that investors are effectively paying the German government for the privilege of parking their cash.
By the end of the European trading day, the yield was still just in negative territory at -0.0020 percent.
A spokesperson for the German Federal Debt Agency spoke immediately after the milestone was reached, stating that the tradability of federal securities is "still very high."
Germany joins Japan.
Cool.
Give me your money - say $10,000 - and next year I’ll return some of it.
Thank you for investing In FantasticInvestment4Me, LLC.
Is Chelsea Clinton’s lying, dishonest husband going to start another hedge fund marketing them?
Buy gold and let the bonds mold.
Everything islam touches or comes near turns to feces.
What madman would buy these?!
Only proof positive that good old Ange hasn't imported enough sixth century Muslim savages to finish off the country. Once a few more hundred thousand followers to the Religion of Pieces arrives I'm sure that the German economy will be BOOMING, if you'll excuse the pun.
just wondering, many wealthy folks with cash need someplace secure to ‘store’ it. is this just the German govt charging a fee to accommodate them?
the feds won’t need to raise interest rates.
negative interest rates in Germany are going to push a lot of buying over to US stocks & bonds
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.