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ECB's Draghi Sends Corporate Yields So Negative Even He Can't Buy Them

ECB President Mario Draghi's unprecedented buying of corporate debt has sent borrowing costs tumbling to a record and now yields on some securities are so low they fall outside the ECB's own criteria. Yields on bonds from Paris's public transport network have already dropped below the threshold of minus 0.4 percent, while those from Siemens AG, Europe's biggest engineering company, French train operator SNCF and Sagess, which manages the nation's strategic oil reserves, are also approaching the cut-off point.
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