Three years ago, taking advantage of an unprecedented collapse in global interest rates Austria issued €6BN in 100 year bonds with a 2.1% coupon due 2117, with the resulting issue becoming one of the best performing “serious” assets in subsequent years returning as much as 140% in early March of 2020, before stabilizing around a price of 190 cents on the dollar amid a frenzied chase of any kind of duration in a world that is rapidly sinking into a deflationary singularity. mehr hier