30 year yields in Germany are at 2.67% right now and the long end of the curve is basically flat.
That's about 90 basis points below the current U.S. 30 year bond yield.
Considering that both bond markets occupy similar positions in their parts of the world, one of these 30 year bonds is either cheap or one is expensive (I think it's unlikely that they are both overpriced).
Just something to think about.
Anyone Follow the German Bond Market?
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Anyone Follow the German Bond Market?
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