Loading ...Re negative Junk Bond rates…remember that EU law/Regulations say u must have a certain percentage of Pension funds invested in Highly Liquid assets…aka Government Bonds, Blue Chip etc…so the demand is entirely false, but they have no choice but to drive rates lower and lower.
The EU is run by lunatics and they have just ‘elected’ or really shoehorned in, another bunch to run the show, including that Frog crook Lagarde to head up the ECB .
The lower they push rates, the higher the demand will be for PM’s……which as the article says are still dirt cheap.