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Britain borrows at negative interest rate for first time

May 20, 2020 - Nasdaq

B y David Milliken LONDON, May 20 (Reuters) - Britain sold a government bond with a negative yield for the first time on Wednesday, meaning the state is effectively being rewarded to borrow as investors agree to be repaid slightly less than they lent. Britain joins Japan, Germany and some other European countries in selling government debt with a negative yield, reflecting the prospect of a severe global recession caused by the coronavirus and bond-buying by central banks to mitigate it. Yiel...