The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A bond note.
A bond note.

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.