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Denmark’s Jyske Bank Introduces A -0.5% Mortgage

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

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!

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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.

denmarksovcurve

While this seems insane, Jyske Bank has only lost 50% since 2007 compared with Deutsche Bank that has lost considerably more since 2007.

jyske

Not to mention that the Danish Central Bank has a bank rate of … -0.7%.

How low can they go?

An example of Danish housing imitating North Sea icebergs waiting for the next Titanic.

JDS-Architects-Iceberg-Housing-Complex-2.jpg

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