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Low yield is because of high demand... high yield - low demand.
It's not the yield, the auctions now are failing to sell (all) the bonds, in the past, they could have sold the debt 1000x over, it was over subscribed....
It's not the yield, the auctions now are failing to sell (all) the bonds, in the past, they could have sold the debt 1000x over, it was over subscribed....
3.7 bln out of 4 bln for FREE is not failing to sell.
In the past yield was much higher, so obviously demand was over subscribed.
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