30 Apr 2015
German bond yields rise to a 7-week high
FXStreet (Mumbai) - The yield on the ten-year German bond yields rose to a fresh 7-week high of 0.379% on Thursday, extending the gains for the second consecutive session.
Bond titans favor Bund shorts
Bond titan Jeffrey Gundlach of DoubleLine Capital egged on the declines, saying he is considering making an amplified bet against the securities. His comments come a week after the Janus Capital’s Bill Gross said Bunds were the “short of a lifetime.”
The 10-year yield currently trades at 0.324%; up four basis points. The past week has seen big swings in yields on 10-year German debt, which have become important gauges of the success — or otherwise — of Eurozone quantitative easing.
Meanwhile, the 2-year yield still remains below the European Central Bank’s (ECB) threshold of the negative deposit rate of -0.20%.
Bond titans favor Bund shorts
Bond titan Jeffrey Gundlach of DoubleLine Capital egged on the declines, saying he is considering making an amplified bet against the securities. His comments come a week after the Janus Capital’s Bill Gross said Bunds were the “short of a lifetime.”
The 10-year yield currently trades at 0.324%; up four basis points. The past week has seen big swings in yields on 10-year German debt, which have become important gauges of the success — or otherwise — of Eurozone quantitative easing.
Meanwhile, the 2-year yield still remains below the European Central Bank’s (ECB) threshold of the negative deposit rate of -0.20%.