An article in the Wall Street Journal in 2016 notes: Over 30% of euro-denominated investment-grade corporate bonds
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An article in the Wall Street Journal in 2016 notes: “Over 30% of euro-denominated investment-grade corporate bonds trade at a negative yield … while 84% yield less than 1%.” What caused so many European corporate bonds to have negative interest rates? Why would anyone buy a bond with a negative interest rate?
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The European Central Bank cut the interest rate it paid ...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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