McDonald's Corp. may boast about how juicy its burgers are, butit can hardly say the same about some of its bond yields.
Investors are now paying to lend euros to the American fast foodchain as post-crisis monetary policy has kept interest rates at ornear all-time lows. With the European Central Bank (ECB) ready toadd more stimulus to the Eurozone, the already-record pile of $13.3trillion of negative-yielding debt is poised to grow even further,sweeping some U.S. issuers in the European market along withit.
Euro-denominated debt issued from McDonald's with a 4 percentcoupon is now yielding -0.174 percent, according to data compiledby Bloomberg. Its 2 percent euro bonds due 2023 yield -0.148percent.
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
