{"id":1254,"date":"2011-05-26T11:45:11","date_gmt":"2011-05-26T09:45:11","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=1254"},"modified":"2011-05-27T00:46:22","modified_gmt":"2011-05-26T22:46:22","slug":"are-these-havens-really-the-safest-places-to-go","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/are-these-havens-really-the-safest-places-to-go\/","title":{"rendered":"Are These Havens Really the Safest Places to go?"},"content":{"rendered":"<p><a href=\"http:\/\/online.wsj.com\/search\/term.html?KEYWORDS=DAVID+COTTLE&amp;bylinesearch=true\" target=\"_blank\">Cottle, David<\/a>.<\/p>\n<p>The German government picked a good time to sell bonds this week. A market once again fretting about the euro zone&#8217;s crippled periphery was more than happy to snap up a \u20ac5 billion ($7.03 billion) offering of 10-year paper by its core Wednesday. Indeed, it wanted just a piffling 3% or so for its trouble.<\/p>\n<p><a name=\"U502368548267PDH\"><\/a><\/p>\n<p>Now, you might wonder why investors are so hard on bonds from nations that need bailout funding (and they are\u2014with equivalent Greek paper yielding a whopping 16%), and yet so very easy on those from the nation that will probably have to supply much of it, against the better judgement of many of its citizens.<\/p>\n<p><a name=\"U502368548267MWG\"><\/a><\/p>\n<p>But it wouldn&#8217;t do you any good because bunds fall into that ill-assorted basket of assets known as &#8220;safe havens,&#8221; and here logic doesn&#8217;t really apply.<\/p>\n<p><a name=\"U502368548267CKE\"><\/a><\/p>\n<p>For this basket is a key part of the &#8220;risk on, risk off&#8221; trade, a simplistically binary capital-market response to economic news that has been with us pretty much since those markets clawed their way out of the abyss in early 2009.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>The Wall Street Journal<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702304066504576345441153955896.html?mod=WSJEUROPE_hpp_MIDDLEFourthNews\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cottle, David. The German government picked a good time to sell bonds this week. A market once again fretting about the euro zone&#8217;s crippled periphery was more than happy to snap up a \u20ac5 billion ($7.03 billion) offering of 10-year paper by its core Wednesday. Indeed, it wanted just a piffling 3% or so for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,38],"tags":[25],"class_list":["post-1254","post","type-post","status-publish","format-standard","hentry","category-18","category-38","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=1254"}],"version-history":[{"count":4,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1254\/revisions"}],"predecessor-version":[{"id":1259,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1254\/revisions\/1259"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=1254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=1254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=1254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}