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Re: Japan Sells 10Y Bond At Negative Yield For First Time Ever 

By: Zimbler0 in POPE IV | Recommend this post (1)
Wed, 02 Mar 16 5:53 AM | 82 view(s)
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Msg. 04308 of 47202
(This msg. is a reply to 04298 by capt_nemo)

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I gotta ask . . .

Just who would be stupid enough to buy a bond with a negative yield?

zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Japan Sells 10Y Bond At Negative Yield For First Time Ever
By: capt_nemo
in POPE IV
Tue, 01 Mar 16 11:51 PM
Msg. 04298 of 47202

s we detailed earlier, for the first time in the history of crazy, Japan 'sold' 10-year government bonds today at a negative yield. Translated into English, this means "investors" agreed to pay the Japanese government 2.4bps per year for the privilege of lending it money for 10 years...

Down from a 7.8bps positive yield at the last auction, the 10Y auction's average yield was -2.4bps...

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http://www.zerohedge.com/news/2016-02-29/japan-sells-first-ever-10y-bond-negative-yield


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