See why this makes sense below.
A reader recently asked me if an Icelandic multicurrency Sandwich made sense and I referred him to Jyske Bank (one of Scandinavia’s largest). Here is what he learned and wrote.
I spoke to Jyske as you suggested and this is their feedback on the Icelandic Currency. I’m sandwiching these bonds against the yen with 100% leverage.”
Research on this Opportunity
There is an Adobe Acrobat file available from Jyske Bank on this opportunity.