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Tags: germany | long | bond | negative | rates

Germany Sells Long Bond at Negative Rate Amid Growth Fears

Germany Sells Long Bond at Negative Rate Amid Growth Fears
(Dollar Photo Club)

Wednesday, 21 August 2019 11:55 AM EDT

The German government sold 30-year bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.

The sale adds to the piles of negative-yielding bonds currently held by investors, indicating they expect growth and inflation to be subpar in coming years. Bond interest yields have also fallen as expectations grow that the European Central Bank and the U.S. Fed will launch more stimulus.

Negative rates mean that investors are in effect willing to pay Germany for a relatively safe place to park their money.

The state financing agency said Wednesday that it sold the bonds due in 2050 at an interest rate of 0.11 percent at an auction.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Markets
The German government sold 30-year bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is likely on the way.
germany, long, bond, negative, rates
129
2019-55-21
Wednesday, 21 August 2019 11:55 AM
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