Money & Business
Have vanishing debt costs created a magic money tree?
...Economic slowdowns, political shocks, the 2008 global financial crisis, and the Brexit referendum vote have all failed to arrest the decline. In July 2017, £2.75 billion worth of five-year government bonds were offered at an interest rate of just 0.75%, and buyers still demanded more than three times the amount on offer. High demand lifts the prices of bonds and so...