Market Outlook Q1 2015: A Look at European Bonds
In this month’s Q1 Economic Outlook you will find:
- The U.S. bull market appears to be intact and and any correlation associated with the start of an interest-rate up-cycle is expected to be limited.
- The European Central Bank’s sovereign bond purchasing program is a much larger initiative in terms of net new supply than programs put in place by other central banks since the crisis.
- Nearly $1.5 trillion of European bonds are trading with a negative yield-to-maturity. In Germany, negative yields extend out to seven years.
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If you would like to read an extended version of the Q1 Economic Outlook, please click here.