Friday, January 06, 2012

Paying Germany to borrow your money.

H/T Acting Man, linked here. In a sane world this surely could not happen???!!!

"Yields on 3-month German paper is at- 0.18% and have not been positive since December 14th, when they yielded 0.01%

Yields on 6-month German paper is at -0.104% and have not been positive since December 9th, when they yielded 0.005%.
And now 1-year German T-Bills are trading at -0.073% and haven't been positive since Boxing Day.
Are German two-years next?  They are currently at 0.174%.

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