“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.”
1Kn9WEFymnCiU9W6AwvQej27cW5hKsYZuU