'Peculiar' bond market strikes again with 100-yr Austrian sale
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Dublin
THE hunt for yield has scoured the Steppes and passed through the Pampas. Now it has scaled the Alps.
Investors ordered more than 11 billion euros (S$17.7 billion) for Austria's first century bond, which will have a yield of about 2.1 per cent. That's less than the current yield earned on Treasuries due in just 10 years.
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