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Austrian Interest Rate Reaches a Record Low
The interest rates for German and Austrian sovereign bonds are as deep as never before. Thus, in Europe, the gap widens further.
Austrian Interest Rate Reaches a Record Low / Picture: © Vindobona.org
Austrian sovereign bonds show a historically low interest rate. Today, the rate was down to 2.47% for ten-year bonds. In November, the interest rate stood at 3.85%. As a result, interest payments decreased by 35% within only six months. The interest rate for German sovereign bonds with a term of ten years decreased to 1.405%.
In spite of the downgrade of 16 Spanish banks by…
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