Europe’s (Bond) Bull Market by Jennifer Thomson, Gavekal Capital Blog

Inflation isn’t the only indicator that seems intent on moving ever lower— the trend towards below-zero government bond yields in many European countries continues.  While most have not followed in Switzerland’s footsteps (where yields are negative out to ten years) quite yet, German 5-year yields have hit the zero mark and France’s 4-year government bond is just below:

Europe

 

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