The strange world of fixed income


Yes, this may be FXstreet.com, but yesterday everyone was a government bond expert and more specifically on why Germany was unable to sell all of its 10yr bonds on offer. The fact that the German central bank had to take nearly 40% of the EUR 6bn on offer because there were not enough buyers is notable, but not a sign that investors are now scared of lending money to Germany because they may not get it back (the central bank always takes some of the issue, on average 20%). It’s was more a

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