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Getting to the end of monetary policy

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    Getting to the end of monetary policy

    Another German Bund auction failed as €4bn offer in 10y Bunds received only €3.7bn bids at record low yield of 0.01%


    No one wants to buy German debt now....

    #2
    Originally posted by DimPrawn View Post
    No one wants to buy German debt now....
    Low yield is because of high demand... high yield - low demand.

    Comment


      #3
      Originally posted by AtW View Post
      Low yield is because of high demand... high yield - low demand.
      It's not the yield, the auctions now are failing to sell (all) the bonds, in the past, they could have sold the debt 1000x over, it was over subscribed....

      Comment


        #4
        Originally posted by DimPrawn View Post
        It's not the yield, the auctions now are failing to sell (all) the bonds, in the past, they could have sold the debt 1000x over, it was over subscribed....
        3.7 bln out of 4 bln for FREE is not failing to sell.

        In the past yield was much higher, so obviously demand was over subscribed.

        Comment


          #5
          Originally posted by AtW View Post
          3.7 bln out of 4 bln for FREE is not failing to sell.
          I was always under the impression that something is quite wrong should a country of Germany's standing fail to sell its full offering.

          Comment


            #6
            Originally posted by AtW View Post
            3.7 bln out of 4 bln for FREE is not failing to sell.

            In the past yield was much higher, so obviously demand was over subscribed.
            You don't know about markets, do you?

            Sums up the Remain position nicely.

            Comment


              #7
              Originally posted by The_Equalizer View Post
              I was always under the impression that something is quite wrong should a country of Germany's standing fail to sell its full offering.
              It's 0% income, dirty spekulants prefer to gamble in City casino, but when the music stops the smart ones will be those who hold German bonds.

              Originally posted by GB9 View Post
              You don't know about markets, do you?
              I've heard a thing or two. What do you reckon UK gilts yields will be after Brexit?

              Comment


                #8
                0.01% might look like a good deal when you have to pay 0.25% to keep your money in the bank....

                Comment


                  #9
                  Originally posted by AtW View Post
                  It's 0% income, dirty spekulants prefer to gamble in City casino, but when the music stops the smart ones will be those who hold German bonds.



                  I've heard a thing or two. What do you reckon UK gilts yields will be after Brexit?
                  Depends on what you are looking at but generally no different to now.

                  Comment


                    #10
                    Maybe they are waiting till they are issued in Turkish & Mesopotamian?
                    Always forgive your enemies; nothing annoys them so much.

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