Why would anyone put their money in a bond that paid negative interest? Why not just put the money under your mattress? Is a government bond safer than just holding cash? This seems very puzzling.
Treasuries rose, pushing rates on the three-month bill negative for the first time, as investors gravitate toward the safety of U.S. government debt amid the worst financial crisis since the Great Depression. . . .
This is a real puzzle
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Oleh
abudzar
