T, I am sure there are other ways to do it, but the only way I know of to buy the Euro bonds is to open an account at a European bank or with the International trading dept. of an American full sevice brokerage house or bank. Goldman and Morgan Stanley are very good in this area. Oddly enough, some of the best prices are at English banks. Odd, as they are not part of the European Union. The Swiss have plenty of inventory, but they tend to think an American customer is somebody who should pay 10% to walk in the door.
You can also buy futures on the Euro on the Chicago Mercantile Exchange at any futures broker. Futures, of course, have no expiration date, though they do have a delivery date. And you can margin them out the wazoo. And, of course, you can also play Yen or Swissies at the Merc. I prefer the options, but the futures have no premium to them, or very little, and sometimes have discounts. |
