What Is Risk Averse?
The term risk-averse refers to investors who, when faced with two investments with a similar expected return, prefer the lower-risk option. Risk-averse can be contrasted with risk seeking. – Investopedia
The price has risen 30% since June alone, when Austria reopened the bond to new buyers. – Bloomberg, Aug 18th
Risk aversion? Seriously?
That is how most of the market talking heads are explaining the behavior of global bond markets. Piling into these bonds here is certainly not the land of the risk-free nor the home of the brave. Unless buyers are certain the ECB will take them out at 225 in the next round of QE.