Freakonomics: companies being paid to borrow, blame central banks – NotAYesManEconomics

German consumer-products company Henkel AG and French drugmaker Sanofi SA both sold no-interest bonds at a premium to their face value yesterday, which means investors paid more for the bonds than they will get back when the bonds mature in the next few years.

The fact that corporate could sell bonds at negative yields represents ‘new normal’ or everything that is wrong with the policies adopted by central banks.

Shaun Richards from Not A Yes Man Economics weighs-in on the negative rates and challenges the widespread belief that low interest rates push up investment. He adds that central banks would have a tough time exiting their ultra easy monetary policy moves. Richards also weighs-in on Carney's speech due later today.