– The Greatest Depression? German Yields Now Negative Through 2017 (ZeroHedge, Aug 27, 2014):
Another night, another sell-side bank suggests European QE must be getting closer and, along with more un-de-escalation in Russia-Ukraine, the bid for German bonds continues to surge as Europe’s greater depression appears increasingly priced into bonds. Yields on all German bonds out to 3 years are now negative and 10Y Bunds have collapsed to 90.5bps – record lows. This in turn – as we explained here – is dragging Treasury yields lower (10Y 2.36%) but leaves the spread to Bunds at record highs.
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