‘Peculiar’ Market Strikes Again With Sale of 100-Year Austrian Bond

“Investors placed almost 11 billion euros of orders for Austria’s first century bond, which had a yield of 2.1 percent. That’s less than the current yield earned on Treasuries coming due in just 10 years. The ‘quite peculiar’ bond market reflects expectations of a subdued investor response to when the European Central Bank decides to rein in its super accommodative monetary policy, according to Kim Liu, senior fixed-income strategist at ABN Amro Group NV.”

Read more: https://www.bloomberg.com/news/articles/2017-09-12/-peculiar-bond-market-strikes-again-with-100-year-austrian-sale

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