Temptation of Negative Yield Spurs Record Czech Borrowing: Chart

The Czech government is leaving the door open to borrowing a record amount of money in the fourth quarter even as a shrinking budget deficit reduces its financing needs. Foreign investors are looking past the central European country’s negative yields to pile into short-term debt on speculation they’ll profit from koruna gains after the central bank dismantles a cap on the exchange rate next year.

— With assistance by Marton Eder

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