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QUESTION 2 One of the basic assumptions of debt is that borrowers pay interest to lenders. That idea has been upended in the global bond

QUESTION 2 One of the basic assumptions of debt is that borrowers pay interest to lenders. That idea has been upended in the global bond market. Theres now about $13trillion in negative-yielding bonds. Investors who hold them to maturity will end up getting less money than they paid for them, even including interest. Required: Explain the phenomenon of Negative yield to maturity. What are the causes and implications of negative yield to maturity for the financial markets? (Use the yield curve to support your argument).

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