More negative-yield bonds raise euro-area bank risks

The ECB buying more sovereign bonds may lead to more zero-coupon bond issuance, and disruptive euro-area bank bailouts

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In this article

  • YTM
  • Bigger coupons are better
  • Damaging issuance policy
  • Impact of NYTM
  • Life insurers
  • Commercial banks
  • Stability

What is this?

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