Government yields below key rates
How do peeps,
Was wondering if anyone would be able to explain the following gifs to me as it feels like the tectonic plates of finance are shifting;
1) EURO ZONE
The yield on Germany’s 10-year Bund fell below the ECB’s overnight deposit rate for the first time ever;
2) UNITED STATES
The 10-year Treasury yield falling below the upper bound of the Fed’s interest rate band for the first time in 11 years;
3) UNITED KINGDOM
The yield on the 10-year gilt falling below the Bank of England’s policy rate;
These have been sourced from a Reuters article called ’The Incredible Disappearing Bond Yields’.
Appreciate any insight.
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