Growthless Recovery And The Fed’s Big Fat Wet Noodle

It just keeps on getting whackier. We recently remarked about the Austrian 100-year bond going parabolic, but flat-out vertical might now be the better term. After the original 2.1% coupon bond was issued at EUR 3.5 billion in September 2017, the issue was reopened with another EUR 1.3 billion tranche in late June this year, and was priced at 160% of par to […]
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