'Guaranteed to lose money': Welcome to the bizarro world of negative interest rates

Research output: Contribution to Newspaper/Magazine/BulletinArticle

6 Downloads (Pure)

Abstract

In 1960 DC Comics introduced the “Bizarro” planet of “Htrae”. Created with a duplicating ray, the planet’s inhabitants are all imperfect versions of Superman and Lois Lane, doing “opposite of all Earthly things”. They go to bed when the alarm clock rings. They eat only the peel of a banana. They earn degrees by failing subjects. And they invest in “bizarro bonds” that are “guaranteed to lose money”.

Today a bizarro bond is no longer comic-book fantasy. Now the governments of Austria, Denmark, Finland, France, Germany, Japan, Netherlands, Sweden and Switzerland are selling ten-year bonds with negative interest yields.
Original languageEnglish
Pages1-4
Number of pages4
Specialist publicationThe Conversation
Publication statusPublished - 11 Jul 2019

Fingerprint Dive into the research topics of ''Guaranteed to lose money': Welcome to the bizarro world of negative interest rates'. Together they form a unique fingerprint.

Cite this