“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.
h/t @Schuldensuehner
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…
via Zero Hedge http://ift.tt/23z5Wji Tyler Durden