Germany has gone negative on their long bond issuing 2 billion Euros in 30 year bonds yielding… well… less than zero.. It seems to foreshadow a sentiment of a deeper rate decline into negative territory. Even at a negative yields, further declines result in capital gains for investors. A bit of a pessimistic thesis but mathematically correct.
President Trump did not waste time or hold back using this German bond issuance to further jawbone Fed Chair to cut rates:
Stay tuned….