A friend from Germany asked me why Germany was able to sell bonds with a negative yield, and whether this indicated a new stage of some kind of value destruction. I think the question is an interesting one, even an important one. This was my reply.
A friend from Germany asked me why Germany was able to sell bonds with a negative yield, and whether this indicated a new stage of some kind of value destruction. I think the question is an interesting one, even an important one. This was my reply.