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'Reality sinking in' over negative yielding new issues, say FIG bankers

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By Bill Thornhill, Tyler Davies
08 Aug 2019

Issuers and investors are rapidly coming to terms with the idea that negative yields will become a permanent feature of the financial institutions bond market. Debt capital markets officials say that it is now only a matter of time before a bank plucks up the courage to sell a new senior bond with a sub-zero yield, following examples set in the covered bond market.

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By Bill Thornhill, Tyler Davies
08 Aug 2019