Bizarro World! 15 European Countries Now Have Negative 2Y Sovereign Yields (And Japan)

Jon Economy, Market Commentary

As a measure of the problems facing Europe’s economy, 15 European ‘countries’ now have negative 2 year sovereign yields.
The list includes France, Germany and Italy. And the European Financial Stability Facility (EFSF) which isn’t a country at all, but a temporary crisis resolution mechanism by created by the euro area Member States in June 2010 (The EFSF has provided financial assistance to the three little PIGS, Ireland, Portugal and Greece).
Much of Europe continues to be slow growing (<2%) in terms of GDP growth. And inflation rates are less than 2%.

This post was published at Wall Street Examiner by Anthony B. Sanders ‘ March 3, 2016.