Greece issues negative yielding debt for the first time

www.wsj.com/articles/greece-once-in-crisis-joins-negative-rates-club-11570640925?shareToken=st41c05cd052b54d56aa5329eb9f4f571c

Apologies if there are paywall issues. TL;DR: Greece issued €487.5 million worth of three month bonds yielding -0.02%.

It’s obviously a short duration, but still a watershed moment.

 

To think less than five years ago there was a serious risk of the SYRIZA-led government defaulting.

Now people are not only willing to lend to the Greek government, but they want to pay for the privilege.

 

AC