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The Non-Weirdness of Negative Interest Rates
Savers in Europe are having to pay to store their wealth. That’s not so crazy when saving is all too plentiful.
08 Aug 2019, 09:23 PM IST
(Bloomberg Businessweek) -- German government bonds with maturities going out to 30 years now trade with negative interest rates. UBS Group AG plans to charge an annual fee of 0.6% for some wealthy clients to hold their money. In Denmark, a bank is selling, for the first time, a mortgage-backed note that carries a negative coupon.
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