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Strategies & Market Trends : Asia Forum

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To: Sam who wrote (7416)11/6/1998 10:16:00 AM
From: DMaA  Read Replies (2) of 9980
 
Just when you thought they couldn't go any lower...

Japan's Six-Month T-Bills
Have a Negative Yield
By GREGORY ZUCKERMAN and CHIKAKO MOGI
Staff Reporters of THE WALL STREET JOURNAL

In a startling sign of the poor state of the Japanese banking system, the yield on Japan's six-month Treasury bills fell into negative territory for the first time ever.

The situation is a rare one in the global bond markets. Although interest rates in Japan have been razor thin for several years, the move to a negative interest rate marked a new low for the Japanese financial system. A similar negative yield for U.S. government securities was seen during the Depression, amid worries over the stability of the U.S. banking system.
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interactive.wsj.com
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