(Bloomberg) — In Denmark, where institutional investors have been living with negative interest rates longer than anyone else, the authorities just took a big step.Danish pension funds, the world’s best managed along with their Dutch peers, will finally get a 30-year government bond. When it starts trading next year, funds managing a total of $680 billion in assets will get the missing link they’ve long needed: a long-term, AAA-rated asset at a positive yield. That’s quite a novelty these days.The new bond will give the industry a “crucial point on the curve,” said Christian Lage, chief executive officer of PFA …read more
Source:: Yahoo Finance
