Back in the financial markets, Germany has broken new ground by selling 30-year government debt with a zero coupon. That means Berlin would not pay any interest on the bonds, but simply return the money in 2049. The bonds aren’t linked to inflation either, so anyone buying the bonds would surely suffer a real loss when the three decades was up. Germany has sold 10-year bund with a zero coupon before, but never a 30-year one.
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