FIRST TIME: Germany Sells 30-Year Bond at Negative Interest Rate
Posted on 08/22/2019
For the first time in modern history, Germany sold 30-year bonds at a negative yield. The bond sale on August 21, 2019 meant that Germany borrowed €824 million. When the bonds mature in 2050, Germany will pay back €795 million. This essentially means that buyers of the bond will receive less than they paid if […]
