German government bond yields plunge to unprecedented depths
Low yields in the developed markets are the “by-products” of the 2008 crisis, as poor economic
prospects, central-bank bond purchases and high demand for secure government securities with good
ratings have all pushed yields in the same direction: downwards. In the meantime, the movements
and levels of German and US government bonds have become one of the indicators of the prevailing
risk appetite, or aversion to risk, in the market.
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