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Good point. Reminders me of negative yielding bonds. Institutions buy them knowing they will lose money unless there is a greater fool willing to buy them at a
by martin_drapeau 6y ago
Good point. Reminders me of negative yielding bonds. Institutions buy them knowing they will lose money unless there is a greater fool willing to buy them at a premium.
- gruez 6y agoThat's not exactly accurate. Storing cash is expensive, so some non-speculative demand for negative yielding bonds.