To: lee martell
Yes, Japan went NIRP and they just had to cancel a bond sale because no enough people wanted to buy bonds that had a negative yield. Go figure.
Now, what happens when a government HAS TO SELL BONDS to finance a budget deficit and to roll over maturing bonds AND, they can't sell their bonds because no one will accept the negative rates?
To: Former Proud Canadian
Yes, Japan went NIRP and they just had to cancel a bond sale because no enough people wanted to buy bonds that had a negative yield. Go figure. What? You mean no one wanted the liability of a bond on top of which you pay the bond issuer for the "privilege" of the bond liability? *Sheesh*
23 posted on
02/04/2016 10:34:56 AM PST by
Flick Lives
(One should not attend even the end of the world without a good breakfast. -- Heinlein)
To: Former Proud Canadian
If you did “buy” a negative rate bond isn’t this like uh, confiscation?
32 posted on
02/04/2016 6:06:17 PM PST by
Sequoyah101
(It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
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