Investors jump at Austria 100 year but long-term inflation fears grow
by Lewis McLellan
June 25, 2020 07:00 PM
Investors flooded the books for Austria’s latest foray into ultra-long debt, with more than €17bn of orders for a bond maturing in 2120 with a yield of only 88bp. But despite the clear appetite for duration, some are concerned that recent, unprecedented monetary stimulus will lead to inflation, writes Lewis McLellan.
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