Best Blogs of the Week #239
on Jul 25, 2016
Only one pure best post this week and it touches on the recent fixed income news from Germany.
M & G – Why do people buy negative yielding bonds? – The possibility of selling the asset to someone else at a higher price (a greater fool) is predicated on hoping that having accepted a guaranteed loss of over 50 cents over the course of 10 years, someone else will be willing to accept an even greater guaranteed loss over a shorter time period at some stage in the next 10 years.
There have numerous posts related to post-BREXIT. Without summarizing all of them, here are the two I found compelling.