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.
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.
Liquidity moves markets!Follow the money. Find the profits!
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.