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Japan Sells 10Y Bond At Negative Yield For First Time Ever

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

As we detailed earlier, for the first time in the history of crazy, Japan ‘sold’ 10-year government bonds today at a negative yield. Translated into English, this means “investors” agreed to pay the Japanese government 2.4bps per year for the privilege of lending it money for 10 years

Down from a 7.8bps positive yield at the last auction, the 10Y auction’s average yield was -2.4bps…

Peter Pan(ic) continues as the rest of the JGB curve collapses to fresh record low yields and await the reaction in Japanese bank stocks…

Charts: Bloomberg


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