Re:Germany for First Time Sells 30-Year Bonds Offering Negat...
by teambayleaf on Friday August 23, 2019 @06:44AM
(#20776176)
Why not just putting aside that cash pile? I don't get why you want to exchange it with securities and pay negative yields.
Safe assets sell a service: they’re a safe place to put your money. For this service, you pay a fee. There are other places to put your money, from cash to money market accounts to listed equities, but they aren’t safe. (They compensate for this unsafeness by promising you a return.)