9 Apr 2015

Money for Nothing: Negative Yields

…with a negative yield. Previously, bonds that were already trading in the secondary market had reached such high prices that they had a negative yield, but that’s quite different than…

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5 Jun 2015

Interest Rates Rising

…to their low, high and average yields. The blue bars show the difference in yield between the current yield and the low yield over the last 12 months. In the…

6 May 2015

Celebrating Short-Sellers

…non-US bonds issued worldwide had a negative yield, the question wasn’t whether the yield on bunds would go lower, but how far into negative territory they would go. Unfortunately, I…

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6 Apr 2016

Yield Curve Madness

…three of the curves are negative all the way out to 10 years. There are other countries with negative yields like Denmark, but the idea that the euro benchmark curve…

6 Mar 2015

Another New Normal?

A few weeks ago, I wrote about negative interest yields on bonds as long as ten years in Europe. (Click here for a refresher) The main point that I was…

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