Investors accepted negative interest rates again to lend money to the EU's bailout fund on Tuesday, according to the German central bank, which managed the issue.
The Bundesbank said in a statement that the European Financial Stability Facility placed 1.499 billion euros' (HK$14.4 billion's) euros' worth of six-month bills at a yield of minus 0.0179 percent, compared with minus 0.0113 percent at the previous auction in July, AFP reports....MORE
Tuesday, August 21, 2012
Investors pay to lend money to EFSF bailout fund
From AFP via the Hong Kong Standard:
