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Message Subject
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France sells bonds at negative interest rate
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Poster Handle
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RAe |
Post Content
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It means means the buyers are paying to receive less money back.
Who in their right mind would do that? No one. So what this tells me is that managed funds, Mutual Funds, IRAs, Government managed accounts, yadda yadda funds along these lines managed by a third party are being used to buy these bonds. It's ugly.
The French Government must be willing to take the negative press because they desperately need funding.
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