Germany issues first ever zero coupon 30-year bond
The German government issued 30-year government bonds with a zero coupon for the first time ever on August 21.
It offered €2 billion ($2.21 billion) maturing on August 15, 2050 at –0.12%. This largely reflected what investors are accepting in the secondary market, where 10-year bunds yielded –0.15% in earlier trading today (August 22). However, the auction was undersubscribed as investors only bought €869 million.
This may reflect the limited toolkit the European Central Bank (ECB) has at its
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com