from Wolf Street:
Call it a crash? The price of Germany’s 10-year government bond, one of the most “conservative” investments in the world, dropped 7.5% in the seven weeks since April 20. And the price of the 30-year bond plunged 23%.
You can always hold it to maturity, have your money tied up for 30 years with almost no income, and let inflation whittle down its purchasing power.
Investors who’d bought into the ECB’s negative-yield absurdity, the sky-is-the-limit-for-bonds idiocy, pandemic deflation hype, and QE as a miracle wealth generator late last year and through April 20 this year are now sitting on sizeable losses.
image/dailyreckoning.comHelp us spread the ANTIDOTE to corporate propaganda.
Please follow SGT Report on Twitter & help share the message.