Madness By Any Other Name: Austria's 100-Year Bond Re-Opened To Yield 1.17%

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.

 

 

 

 

 

 

https://www.bloomberg.com/opinion/articles/2019-06-27/a-1-17-return-for-austria-s-98-year-bond-issue-sign-me-up

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