Short European Sovereign Debt , and Treat Yourself to some Currywurst, Tapas, etc. Later
April 4, 2014 1 Comment
The thought/idea came to mind around a month ago. Spoke recently with someone much more knowledgeable about sovvies he mentioned the idea (someone who knows more about sovereign bonds than I do, and has demonstrated ability to monetize).
Then early this morning started seeing that Spanish bond yields are than Uncle Sam’s! Uh huh. Central Banks are Omnipotent (All-Powerful) and Omniscient (All-knowing)… until the Market saith otherwise. The market will humble the ECB.
Can yields go even lower? Yes. Then what? Short more. I started shorting FaceBomb around 69, added more around 71. I didn’t get the top. Oh well.