Draghi's Demolition Derby At Work----Average German Bond Yield Crashes Tp Zero For First Time Ever

By Tyler Durden at ZeroHedge

"You Get Nothing" is the message for German bond coupon-clippers as for the first time in history, the average yield across the entire bond complex tumbles to zero.


With the yield curve below zero to 9 years, and 1 month yields at -65bps, it is no surprise that asset managers are extending duration...


Source: Average German Bond Yield Crashes to Zero For First Time Ever - ZeroHedge

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.