By Tyler Durden at ZeroHedge
“You Get Nothing” is the message for German bond coupon-clippers as for the first time in history, the average yield across the entire bond complex tumbles to zero.
With the yield curve below zero to 9 years, and 1 month yields at -65bps, it is no surprise that asset managers are extending duration…
Source: Average German Bond Yield Crashes to Zero For First Time Ever – ZeroHedge
