Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The "markets" did think, 1.92% yield is to low. Since taht is below the infaltion rate, taht is not even unreasonable.

As far as I remember, tehre already there some failed  actzins bakc in late 2008. The debt agency bakc then said that this is just haggling over price. They there rigth. Back then.

The Bundesbank and public deficits is  a pathological relationship.

by IM on Wed Nov 23rd, 2011 at 10:17:21 AM EST
[ Parent ]

Others have rated this comment as follows:

afew 4


Occasional Series