Negative Yield Binge Brings Record Czech Bond Repayments: Chart

A spate of short-term debt sales since September means the Czech Republic is facing a record 230 billion koruna ($9.7 billion) of bond repayments next year. While the government is taking advantage of sub-zero rates on shorter maturities, the bond pile due in 2017 is already 47 percent higher than 2016’s, making the sovereign more exposed to potential market swings. The Finance Ministry announced on Monday that half of bonds offered for sale in April will mature in less than two years.

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