Tag Archives: Mexico Sell 100-Year Bonds Denominated In Euros; Are 1000-Year Bonds Next?

Mish / Mike Shedlock – Milestones In Bond Insanity: Negative 10-Year Yield On Swiss Bonds, Mexico Sell 100-Year Bonds Denominated In Euros; Are 1000-Year Bonds Next? – 10 April 2015

MishMikeShedlockMilestones in Bond Insanity

Two events happened this week for the first time: negative yield on 10-year government bonds and 100-year bonds by Mexico denominated in euros.

Please consider Swiss, Mexican Bond Deals Represent Milestones for Debt.

Until Wednesday, no country had ever sold 10-year debt that gives investors a yield of below 0%. And no country had ever issued a 100-year bond denominated in euros.

But in the latest stark sign of how easy the era of easy money has become, Switzerland on Wednesday sold 10-year bonds that investors are actually paying to hold, while Mexico lined up a rare transaction to borrow euros it promised to repay a century from now—at a yield of 4.2% Continue reading

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