Soaring prices in super-long euro bonds ape crypto, tech surges
These long-dated bonds reflect recession concerns, a collapse of inflation expectations, negative interest rates and expectations of ever more central bank bond buying. But for speculators, the price gains this year are eye-watering.
Austria's 100-year bond <AT100YT=RR> has seen a 63% rise since the start of this year. The country's 70-year bond <AT70YT=RR> has rallied nearly 50%.
GRAPHIC: Long-dated bonds rally -
For an interactive version of the above graphic, click herehttps://tmsnrt.rs/2YwPO9c
Other long-dated debt in the euro zone, such as Belgium's 50-year bond, has rallied 45%. Slovakian and French equivalents have gained 44.7% and 41.3% respectively.
GRAPHIC: Austria's long-dated debt rallies -https://tmsnrt.rs/2ML8FXh
For an interactive version of the above graphic, click herehttps://tmsnrt.rs/2MIhG37
(Reporting by Ritvik Carvalho; editing by Larry King)
By Ritvik Carvalho