Treasury bond with a negative yield to maturity


Question: The following treasury bond quote appeared in the Financial Times on May 7, 2004:

9.125 May 09 100:03 100:04 ... -2.15

Why would anybody buy the Treasury Bond with a negative yield to maturity?

How is this possible?

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Macroeconomics: Treasury bond with a negative yield to maturity
Reference No:- TGS02091150

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