In the tempest of a fast moving market; not everyone is happy.
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Australia Gets Paid to Borrow in First Sale at Negative Yields
Australia just joined New Zealand, Japan and most Europe nations in selling short-term bills at a negative yield. The auction of three-month Australian notes saw A$1.5 billion sold an average yield of 0.01%, though buyers who bid most aggressively at the sale received a yield of minus 0.01%. The negative yield means that the nation is being paid to borrow from some investors. While this is a first, yields in Australia have been close to zero since the central bank cut benchmark rates to 0.1% to help counter the financial and economic impact of the coronavirus pandemic. Policy makers also introduced a range of ... (full story)
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- Dec 9, 2020 11:59pm Dec 9, 2020 11:59pm
- kiwis
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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Old Dog Kiwi
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- aquavox
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Old Dog Kiwi