Tuesday, September 3, 2019

Germany's Negative Yield Bond Sale

With about $15 trillion in value worldwide, the amount of bonds outstanding with negative yields is astonishing. And a recent bond sale by the German government added to this number. Germany sold million worth of 30-year, zero coupon bond824 million worth of these bonds that will pay back €795 million in 2050. The bonds originally had a YTM of negative .11 percent, but fell even further to negative .153 percent.