Norway’s sovereign wealth fund is considering the impact on its investment strategy of negative yields for German, Danish and Swiss two-year bonds, Yngve Slyngstad, head of Norges Bank Investment Management, told the Financial Times.
“We are spending a lot of time thinking about what this is indicating,” Slyngstad said. “We have to ask the obvious question of why investors are paying for lending money and are not just keeping it in cash.”
To contact the reporter on this story: Alastair Marsh in London at email@example.com
To contact the editor responsible for this story: Paul Armstrong at firstname.lastname@example.org