The following chart from Dylan Grice does a good job of demonstrating, once and for all, what is going on in the bond market.
And speaking of bond markets, a few hours ago the German debt agency announced that it will for the first time ever, issue zero coupon 2 year bonds, which as the name implies will pay zero cash interest. In other words, Germany, sick and tired of being the only good cash collateral in Europe, is gradually halting the payment of any cash interest on its paper. After
No comments:
Post a Comment