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Negative European 2Yr Sovereign Rates Hit 19 Countries As ECB Expands Balance Sheet

This is a syndicated repost published with the permission of Snake Hole Lounge. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Despite all the hoopla about Europe’s improving economic condition, the European Central Bank (ECB) is once again increasing their assets purchases (balance sheet) despite their already 0% main refinancing rate.

And now the number of “European” countries with negative 2 year sovereign yields just increased to 19.

At the 5 year maturity, 11 European countries plus the European Financial Stability Facility (EFSF) are carrying negative yields.

Of course, Japan also has negative sovereign yields at all maturities less than 9 years.

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