Meanwhile, Italy’s benchmark 10-year bond yield slipped below 0.5 per cent for the first time
Last week, Belgium raised €5bn in 50-year debt at a coupon of 0.65 per cent while France sold €7bn in debt of the same maturity in January with a 0.5 per cent coupon. Both deals garnered strong investor demand.
FT 9 February 2021
When Argentina issued its so-called “century bond” many held it up as the peak of bull market insanity.
After all, what sane individual lends money for 100 years to a serial-defaulter?