The benefit of NIRP: There’s hell to pay – even the ECB admits it.
China’s corporations deleverage, forced or otherwise.
Just bumping along the bottom, from hopeless to hope and back to hopeless.
The one-month yield is 21 basis points higher than CPI, not seen since 2009.
This is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE.
Bottom fishers were taken out the back and shot.
Export-Dependent Germany Hit by More than US-China Trade War.
“The ECB cannot and should not turn a blind eye to risks to financial stability.”
Treasury yield curve survives rate hike upright. Yield curves steepen in China, Japan & Germany. Era of NIRP scheduled to end.
How the “Yield Curves” Stack Up in central-bank manipulated bond markets.