The bund short is therefore effectively a bet on the euro crisis being further patched up in a manner which halts the flight of capital into Germany by making Germany at least partially liable for everyone else's debts. Photo: AFP
Thursday, June 21, 2012
EU: Markets bet Germany will be dragged down with everyone else
Nobody ever got rich shorting Japanese government bonds, it is often said. Are those now aggressively shorting German bunds about to fall into the same trap?
The bund short is therefore effectively a bet on the euro crisis being further patched up in a manner which halts the flight of capital into Germany by making Germany at least partially liable for everyone else's debts. Photo: AFP
The bund short is therefore effectively a bet on the euro crisis being further patched up in a manner which halts the flight of capital into Germany by making Germany at least partially liable for everyone else's debts. Photo: AFP
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