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Pimco Sticks With $500 Billion Danish Market As Returns Plunge

TedTed
in The Bullpen
FYI: Never before have interest rates in the world’s biggest covered-bond market been this low. And rarely has investor demand for the debt been so high.

Pacific Investment Management Co. is among investors embracing Danish mortgage-backed covered bonds, even as negative interest rates mean investors face built-in losses on some bonds. Data provided by Danske Bank, the country’s biggest lender, show issuers are offering up to six times as many fixed-rate bonds a day as during a more normal cycle.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-08-25/pimco-sticks-with-500-billion-danish-market-as-returns-plunge?srnd=markets-vp
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