Today's Bond Market Is Insurance, Not Investment |
| July 15, 2016 | July 2016 Bond Updates |
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A few days ago over five billion dollars worth of Zero Coupon German government bonds (“Bunds”) were auctioned at a yield of minus five basis points. For me, as for many others, bonds with negative nominal yields hold a fascination – they are no longer unicorns, but nonetheless a rather rare animal in the history of money. Are they investments? Or as I see it – insurance? |
| View more at: http://www.forbes.com/sites/vineerbhansali/2016/07/14/reminder-to-self-the-bond-market-today-is-insurance-not-investment/ |
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