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100-Year Bond Yielding Just Over 1% Shows Investors' Desperation

  • Austria’s 2117 yield has dropped 100 basis points since launch
  • Bonds have rallied, with German yields hitting record lows
A European Union flag flies in Salzburg.

A European Union flag flies in Salzburg.

Photographer: Stefan Wermuth/Bloomberg
Updated on

The century-bond fanfare is back.

Austria is looking at the possibility of launching a new 100-year security as yields across the globe drop to record lows. The nation first launched a note of that length two years ago, and it currently yields just over 1%, highlighting just how desperate investors are for returns.