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NIRP in Merry Old England
#1
Sad  I always see Negative Interest Rates as a bad sign.  Some people see Central Bank manipulation.  But I see wealthy people paying government to keep their money safe.

https://www.cnbc.com/2020/05/20/the-uk-j...-bond.html


The UK just sold its first ever negative-yielding government bond

Published Wed, May 20 20208:11 AM EDTUpdated Wed, May 20 202011:59 AM EDT
Katrina Bishop@KatrinaBishop
Elliot Smith@ElliotSmithCNBC

"The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond-buying action from central banks.


In an auction Wednesday, the country’s Debt Management Office said it sold £3.8 billion ($4.66 billion) worth of three-year gilts at a yield of negative 0.003%.

This negative-yielding bond means the British government is effectively being paid to borrow. Investors will get back slightly less than they initially paid if they hold the bond to maturity, such is the demand for shoring up money in bonds.

The auction means Britain joined Germany, Japan and several other European nations in selling government debt with a negative yield....."
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