A Tale Of Two Century Bonds
After Monday, there is perhaps no more amusing juxtaposition in global markets than century bonds issued by Austria and Argentina.
A couple of days ago, I got a chuckle out of Bespoke Investment's daily newsletter, which highlighted "a pretty nutty looking chart". That chart: Austria’s 100-year bond since inception. We've all seen it, but it never ceases to elicit incredulity.
"Launched in late 2017 with a yield of 2.1%, there were more than a few people who laughed at the fact that anyone w
I know I’ve said this before but I remember my mother trying to light a coal stove with Hungarian Currency and making jokes about iy’s usefulness even for that….I was four…
The century bond seems like a prudent investment for those intending to freeze their heads when they die.