Denmark’s Jyske Bank has introduced a 10-year, fixed-rate loan at … -0.5%. As have other Danish lenders Realkredit Danmark, Totalkredit and Nordea Kredit.
Liquidity moves markets!Follow the money. Find the profits!
Of course, the entire Danish sovereign yield curve is negative and their 10-year sovereign rate is -0.53%., essentially the same as the Jyske Bank 10-year loan rate.
While this seems insane, Jyske Bank has only lost 50% since 2007 compared with Deutsche Bank that has lost considerably more since 2007.
Not to mention that the Danish Central Bank has a bank rate of … -0.7%.
An example of Danish housing imitating North Sea icebergs waiting for the next Titanic.
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