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Please take a look at the image below on bond pricing information from FINRA. This is a bond issued by Tesla with a coupon rate
Please take a look at the image below on bond pricing information from FINRA. This is a bond issued by Tesla with a coupon rate of 2.375% maturing 3/15/2022. Can you explain why this bond would have such a large negative yield at -190.05%? Last Updated: 09/22/2021 Bond Detail Lookup Symbot TSLA4474416 GO TESLA INC ADD TO WATCHLIST Maturity Data Coupon Rate 2.375" Next Call Date Callable CUSIP 881 03/15/2022 Symbol TSLA447441 Last Trade Price Last Trade Yield Last Trade Date US Treasury $1,100.00 -190.050% 09/21/2021 Yield Trade History Clues: 1. Keep in mind the price quotation is based on $100 par (face) value, but the actual par value is $1,000. This means that on the day of pricing information you would need to spend at least ($1,100 / $100)
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