Sausages are the new sushi. German bonds have been turning Japanese since September, when the 10-year yield first fell below 2 per cent. Now the two-year bond has reached a level only seen even in Japan for just three months back in 2002: a minuscule yield of 0.04 per cent.
“香肠”变成了新的“寿司”。去年9月，德国10年期债券收益率首次跌破2%，自那以来，德国债券一直是日本债券的翻版。如今，两年期债券收益率低至0.04%，即便在日本也只在2002年有3个月出现过这样的水平。
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