German Bund Is Falling
Instapundit links to this story about the rising fortunes of the US dollar.
The yield advantage of two-year German bunds over comparable-maturity Treasuries has decreased to 1.40 percentage points from 1.85 percentage points on March 31, making dollar- denominated assets more attractive to investors.Yeah. I know. It is a typo. I still couldn't resist.
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4 comments:
I don't think that's a typo: the long-dated (i.e. 10 year) German bond is called the bund.
Interesting. Unusual to find it in English though.
It is more reminiscent og the Germam American Bund described as:
The German American Bund or German American Federation was an American Nazi, antisemitic, and racist organization established in the 1930s. Its main goal was to promote a favorable view of the Nazi Germany.
Commonplace to find it in English in the financial community, and Bloomberg (source of the article) is a specialist in financial news:
Google News Search on +bund+Bloomberg
Obviously, I need to get out more.
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