German bonds rose to Europe Haven as investors

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This month, the same time in the euro and German government bonds, a “capital flight” offers a “capital flight” as a shelter of Capital Flight Turmoili.

German bonds and euros usually move in opposite directions, because optimism about the economy – increases the currency – requires a debt with a reliable asset of the euro block. This example after last month after the country’s historical spending deal saw Euro growth and gangs are sold.

However, this month, about 5 percent against the euro, such as a transatlantic space, even a transatlantic gap, but also increased an increased transatlantic space in addition to the treasury. Two-year debt expenditures are more than 1.7 percent of paragraph in early March, about 2 percentage points from Germany.

“In the usual relationship between the Euro and its relative rates,” Bundeys and Euro have benefited from market concerns that cause US policy, “said Fidelity International, a bond director of the Bond Foundation. This was “symptomatic of a capital flight.”

Nerves that move to the nerves on the wall street, which are moving in the opposite direction in the US treasures and normally. However, investors in Europe were similar to Germany’s Bund’s prices and the growth in the euro.

“Currency markets are no longer interested in interest rate dynamics,” said Benoit Anne, which is a strategist in investment management, a large relative increase in interest rates in the US market “Traditionally a strong throat signal (dollar),” he said.

“Some global resources seem to be a more attractive place to go away from the United States with global investors, and to invest in Europe and the rest of the world.”

Fixed income experts say global investors reorganize the appeal of the treasures as a Haven asset worried about the US policy.

Investors said that a government, a good, dominance and the government, a well-employed economy, the head of investment investment investment investment investment investment investment investment investment investment investment exploration outside the United States.

In recent years, he pointed to the growing variability of the treasures. The Ice Bofa Movement Index, the expectations of the future variability in the treasury of a bond investors, the 2022 bond market was left higher than the sale of the bond market. Last week, for more than a year during the treasures, the highest level was touched.

However, German teams are like a global secure asset, as a global secure asset, which replaces a part of the next $ 30 billion state bond market. The historical shortages of the Bunds saw them trading them with a zero product for a long time.

As a global reserve selection asset, the status of the treasures and the dominant role in global finance and trade after the exploration crisis in this policy.

The Global Head of the Steven Highway, Global Income Research in HSBC, a secular turn from the treasures, “the marginal buyer of the treasures is increasingly local investors.”

However, there are signs, the fund managers say great global investors really want to diversify safe assets, bundles and bundles increase their financing their financing.

The short-term Bund has tightened the European Central Bank on Thursday Cut prices And the traders bet on more cuts to come. The euro has changed less.

“Some investors really have a number of investors who previously looked in Europe before,” he said.

Additional report by Ray Douglas