Tuesday, August 21, 2012

Investors pay to lend money to EFSF bailout fund

From AFP via the Hong Kong Standard:
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