Oh, Dear!
September 18th, 2008 — 2:48pm
According to Swedish media, the Swedish state and commercial banks have stopped selling government bonds because of heavy demand for what is generally seen as safe placements (the risk of the Swedish state defaulting its payments is somewhere really close to zero).
Swedish observers point to a large inflow of foreign investors. We are free to speculate why they are suddenly attracted to the Swedish bond market.
Update: The Swedish National Debt Office has announced that it will throw some 150 billion SEK of bonds to the hounds market. So, Sweden as a relatively safe haven?
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