Germany Sells Bills With Negative Yield for First Time Amid Crisis Concern

Quote from CoolTraderDude:
No idea... NeueDEM don't actually exist yet as far as I know. I wouldn't do it because I wouldn't know the terms... I also wouldn't know what the exchange rate would be... What if it's like 3 EUR to 1 ND... There goes 66 % of your capital.
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Well, the exchange rate will be set by the FX mkt, no? Conditional on EUR breeakup, where would you make me a mkt in the NDEM/EUR cross?
 
There was a time in the 1970's I believe when people paid interest to Swiss banks to hold their deposits. Big time I mean...

For those that appear stunned, possibly because of ignorance, negative rates is what you usually get from governments when you buy debt if you subtract inflation.
 
Quote from Martinghoul:

Well, the exchange rate will be set by the FX mkt, no? Conditional on EUR breeakup, where would you make me a mkt in the NDEM/EUR cross?
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Beats the hell out of me... If France and Germany were to exit I'd definetely place NDEM higher than whatever the EUR would trade at.
 
Quote from CoolTraderDude:
Beats the hell out of me... If France and Germany were to exit I'd definetely place NDEM higher than whatever the EUR would trade at.
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Well, there you go, mate... You and I are in agreement and we're both likely to be bullet bid for thargs of NDEM/EUR. That's why German bubills are trading where they are.
 
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