– For The First Time, Two European Non-Financial Companies Will Be Paid To Issue Debt:
Today was another historic day in the monetary twilight zone that is Europe, when two large European, non-financial companies were the first in history to be paid by investors to borrow, courtesy of the ECB’s corporate debt monetization program, which has unleashed an unprecedented scramble for frontrunning the central bank’s purchases of corporate debt and a historic collapse in bond spreads.
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