Bond yields are still really, really low
While the 10-year German government bond yield has stayed above the 0%-threshold for almost two years now, the real yield (nominal yield corrected for inflation) remains very depressed. In fact, since inflation in the Eurozone has picked up (the latest figure came in at 2.1%), the real yield has actually dropped to -1.8%. This does not correspond with an above target Eurozone growth rate. So, it will take a lot to keep the ECB from ending its QE program as current real yields are still extremely accommodative.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named one of the ‘50 Twitter accounts for investors 2017’ by MarketWatch.
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