The DAX is the cleanest expression of the asymmetry
Great stuff! Do you have a view on how eurobonds would perform if oil gets repriced down significantly?
I think even if oil repriced, there’s some duration risk that would pin those bonds down a bit. I don’t have an explicit view on them but I’d say neutral at best
Thank you Alfie
Great stuff! Do you have a view on how eurobonds would perform if oil gets repriced down significantly?
I think even if oil repriced, there’s some duration risk that would pin those bonds down a bit. I don’t have an explicit view on them but I’d say neutral at best
Thank you Alfie