2 ms·
Vs unhedged bund. Pretty lame.
by klochner 8y ago
Vs unhedged bund. Pretty lame.
- mruts 8y agoYeah I’m not sure they are really comparable. Most foreign governments buying T-notes are not fully hedging their currency exposure. As the Bloomberg article demonstrates, doing so heavily eats into your returns. You are paying an expensive premium, it would probably just be a better idea to buy USD denominated T-notes and deal with the currency exposure down the line.