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A bond note.
A bond note.
(iStockphoto)

Investors line up for a half-century of low returns

The federal government’s first ever 50-year bond issue was snapped up by buyers, highlighting investors’ growing willingness to lock up their money for decades in exchange for a low but safe yield.

The bond, which matures in December, 2064, attracted so many orders Monday that the deal was supersized. Instead of selling the $750-million of bonds that it had originally planned, the Government of Canada wound up selling $1.5-billion.