Saturday, May 03, 2008

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.


Brent Buckner said...

I don't think that's a typo: the long-dated (i.e. 10 year) German bond is called the bund.

M. Simon said...

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.

Brent Buckner said...

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

M. Simon said...

Obviously, I need to get out more.