Australia Gets Paid to Borrow in First Sale at Negative Yields
(Bloomberg) -- Australia just joined New Zealand, Japan and most Europe nations in selling short-term bills at a negative yield. The auction of three-month Australian notes saw A$1.5 billion sold an average yield of 0.01%, though buyers who bid most aggressively at the sale received a yield of minus 0.01%. The negative yield means that the nation is being paid to borrow from...
Continue reading