Implode-o-Meter News - Europe's bond yields fall to lowest since the Black Death

Bond yields have plummeted to record lows across the eurozone as deflation becomes lodged in the system and markets bet on a blitz of asset purchases by the European Central Bank this month.
German five-year yields dropped below zero for the first time ever, touching -0.007pc on the first day of new year trading, implying that investors are willing to pay the German government to store their money for the rest of this decade.
Italian, Spanish and Portuguese yields have seen spectacular drops over the past two trading days. The French state can borrow for five years at a rate of 0.13pc, and Ireland can do so at 0.32pc.

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Europe's bond yields fall to lowest since the Black Death