‘Peculiar’ Market Strikes Again With Sale of 100-Year Austrian Bond

The hunt for yield has scoured the Steppes and passed through the Pampas. Now it has scaled the Alps, with over 11 billion euros of orders placed for Austria’s first century bond. Source: Bloomberg Markets The hunt for yield has scoured the Steppes and passed through the Pampas. Now it has scaled the Alps. Investors placed almost 11 billion euros…

Read More

Austria set to issue century bond; bids top €11bn

Austria is set to raise at least €1bn in 100-year debt; bids from potential investors have already topped €11bn. Source: Financial Times Austria is set to raise 100-year debt in the latest indication of hot investor demand for long-dated sovereign bonds. It aims to raise at least €1bn; bids from potential investors have topped €11bn,…

Read More