So even 1.2% wasn’t a low enough yield for Austria’s magic 100-year bond. The country managed to get a new sale away of this ultra-long duration paper with a staggeringly cheap 1.17% interest rate, and still the debt crowd was queuing up to buy it.
So even 1.2% wasn’t a low enough yield for Austria’s magic 100-year bond. The country managed to get a new sale away of this ultra-long duration paper with a staggeringly cheap 1.17% interest rate, and still the debt crowd was queuing up to buy it.
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