In Switzerland, Citizens Are Getting Paid To Borrow Money For 10 Years

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Guaranteed Minimum Income: The Most Conservative Way To Combat Poverty

http://paxonbothhouses.blogspot.com/2014/07/guaranteed-minimum-income-most.html

Investors are paying Switzerland to borrow their money for 10 years. "Until Wednesday, no country had ever sold 10-year debt that gives investors a yield of below 0%. And no country had ever issued a 100-year bond denominated in euros. But in the latest stark sign of how easy the era of easy money has become, Switzerland on Wednesday sold 10-year bonds that investors are actually paying to hold, while Mexico lined up a rare transaction to borrow euros it promised to repay a century from now—at a yield of 4.2%. The two extraordinary milestones reflect Europe’s extraordinary environment." Emese Bartha, Chiara Albanese and Anthony Harrup in The Wall Street Journal.

Chart of the day: Germany might be next with negative 10-year yields. The Wall Street Journal.