Thursday, June 16, 2016

Germany Joins Japan, Switzerland 
In Negative 10-Year Yield Club
Mish Shedlock*: "For the first time ever, German 10-year sovereign bonds dipped below zero. With that event, Germany joined Japan and Switzerland in the negative 10 club. As testimony to the ridiculous nature of ECB policy, Germany’s 10-Year Bond yield is below zero for the first time .. The idea that 10-year bonds trade at negative yields as a 'hedge against uncertainty' is one of the silliest economic comments this month."
LINK HERE to the commentary

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