Bunds, since 1807

Here’s Germany’s 10yr, charted by Deutsche:

As you’ll know, they went negative for the first time yesterday.

And as Deutsche’s Jim Reid suggests:

It’s incredible when you think that the central bank responsible for the inflation rate in Germany has a target of (just below) 2% per year. Let us stress that until Governments/central banks change policy, yields are likely stay at ultra low levels due to secular stagnation type themes and the overwhelming amount of QE hoovering up bonds. However it still reflects a broken financial system.

And, yes, we struggle to resist a long term chart.

Related links:
So you want to buy more Bunds Mr Draghi? FT Alphaville
“If any one store corn in another man’s house he shall pay him storage at the rate of one gur for every five ka of corn per year” – Code of Hammurabi

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