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For the first time, Germany sells 30-year bonds that offer negative returns



Germany sold 30-year debt for a negative return for the first time, as investors desperately for secure assets are betting that further fall in the return will increase the value of the bonds in the future.

Investors who buy debt at a negative rate of return will receive less than they paid if they hold on to maturity. In Wednesday's sale, Germany borrowed EUR 824 million ($ 914 million) through non-interest-bearing bonds. The bonds were sold just over par, so when they mature in 2050, Germany will repay € 795 million.


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