Friday, July 6, 2012

Denmark Goes With Negative Interest Rates For The First Time Ever!!!!

Denmark's central bank cut interest rates by a quarter point on Thursday, mirroring the European Central Bank's action earlier in the day, putting one of its secondary rates below zero for the first time in history.
Yields on some short-end Danish government bonds had already turned negative earlier, as investors fearful of turmoil in the euro zone have piled into non-euro assets, including Danish bonds, and are were willing to pay to shelter their money.

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