It has been more than three years since the “Up and Down Wall Street” section in Barron’s featured a column titled “German Bunds: The Short of the Century.”
While I would characterize the headline as bombastic, it was not the author’s idea. He was simply explaining how bond-fund managers Jeffrey Gundlach and Bill Gross felt at the time about German 10-year federal notes, dubbed bunds, and German 2-year federal notes, dubbed schatze notes, or by their full name, Bundesschatzanweisungen.
