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
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