Bunds, JGBs, even Swiss 30-year was negative.
I mean why isn't everyone doing this? Does the market believe in symmetrical moves up and down around 0% (whereas classic economics would have 0% as a lower bound)?
I understand why the yields are so low. In the case of JBG 10-year it's an explicit goal set by the bank, required collateral so some are required to hold them, etc. but that doesn't explain why everyone else isn't shorting these.
Just seems like an asymmetrical opportunity for almost guaranteed profit if you're willing to wait.
Submitted April 26, 2017 at 09:59PM by didjurydo http://ift.tt/2p5IP3Y
