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File: Welcome to Absurdistan - Indicator in focus
- Uploaded:
- 10.03.20
- Modified:
- 10.03.20
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- 539 KB
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- 1.0
Welcome to Absurdistan
Anyone who thought that the bond markets had already experienced their greatest possible exaggeration in the summer of 2019 has recently been proven wrong in the wake of the Corona crisis. We would not have thought that the yield on 10-year Bunds could once again reach a new all-time low. For US bonds we were somewhat more opti-mistic (and therefore had a long position in our fund here), but a fall in interest rates from 1.5% to 0.5% within a month was beyond our imagination.
