A view shows the Palais Garnier opera house with a banner that reads ''Paris opera on strike'' and another banner that reads ''The culture in danger'', after 20 days of strike against pension reform plans in Paris, France, December 24, 2019. REUTERS/Gonzalo Fuentes
COPENHAGEN: In Denmark, where institutional investors have been living with negative interest rates longer than anyone else, the authorities just took a big step.
Danish pension funds, the world’s best managed along with their Dutch peers, will finally get a 30-year government bond. When it starts trading next year, funds managing a total of $680 billion in assets will get the missing link they’ve long needed: a long-term, AAA-rated asset at a positive yield. That’s quite a novelty these days.
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