Denmark sells 10-year sovereign bonds at negative rate

Denmark has for the second time in just two weeks sold 10-year government bonds with a negative interest rate.

According to news service Børsen, the government sold DKK3.65bn worth of 10-year bonds with a effective negative rate of -0.05%.

It also sold DKK1.8bn worth of new 10-year index-linked bonds at a similar negative real interest rate of -0.05%, although in this case the governemnt is committed to paying returns in line with inflation over the period.

Jonathan Boyd
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